The fraction 3/11 is equal to 27.27% when converted to a percentage and rounded to two decimal places. This means that if you had a pie cut into 11 slices and took 3 of them, you'd have about 27% of the whole pie. It's a bit more than a quarter but less than a third of the total.
3/11 isn't a fraction we use every day, but it can pop up in various situations. For example, if 3 out of 11 people in a group prefer chocolate ice cream, that's about 27% of the group. Or if a baseball player gets 3 hits out of 11 at-bats, their batting average would be close to .273, which is another way of expressing the same percentage.