The fraction 27/88 is equal to 30.68% when converted to a percentage and rounded to two decimal places. This percentage represents the portion of a whole that 27/88 represents. It's a bit less than one-third, which would be about 33.33%.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 27 out of 88 students in a school passed a certain test, you could say that 30.68% of the students passed. Or if a store sold 27 items out of their stock of 88, they would have sold 30.68% of their inventory. This fraction and its equivalent percentage can be useful for comparing parts to wholes in many real-world scenarios.