29/32 as a percentage is 90.63%. This is the rounded value you get when you change the fraction into a percent.
The fraction 29/32 is a little bit less than a whole number. If you picture a pizza cut into 32 slices, having 29 of them means you have most of the pizza, but a few slices are still missing. In decimal form this fraction is about 0.906, which matches the 90.63% you see.
A percentage like 90.63% shows up in everyday situations such as test scores, sports stats, or discount calculations. Knowing the percent makes it easy to compare the fraction to other numbers that are already in percent form.