58.00% is the percentage equivalent of the fraction 29/50. This tells you that the fraction represents just over half of a whole.
The fraction 29/50 means you have 29 parts out of a total of 50 equal parts. When you think of a pizza cut into 50 slices, you would have 29 of those slices.
Using the percentage form makes it easier to compare with other values. For example, if a test score is 58.00%, you know you got a little more than half of the possible points.
Remember that percentages are just another way to show fractions, and 58.00% gives a quick, clear picture of the size of 29/50.