The fraction 27/95 is equal to 28.42% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents how much of a whole the fraction represents. In other words, if you had 95 items and took 27 of them, you'd have about 28.42% of the total.
To put this in perspective, 28.42% is a little more than a quarter (25%) but less than a third (33.33%) of the whole. It's useful to know both the fraction and percentage forms, as they can be applied in different situations. For example, you might use the fraction when dealing with recipes or precise measurements, while the percentage could be more helpful in statistics or financial calculations.