The fraction 27/96 is equal to 28.13% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents the portion of a whole that 27/96 represents. It's a bit more than a quarter of the total, but not quite as much as a third.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 27 out of 96 students in a school wore red shirts on a particular day, you could say that 28.13% of the student body chose to wear red. This fraction and its equivalent percentage can be useful for comparing parts to wholes or expressing ratios in different formats.