The fraction 3/27 is equal to 11.11% when converted to a percentage and rounded to the nearest two decimal places. This small fraction represents just over one-tenth of a whole, or about one-ninth. It's a relatively low percentage, indicating that it's less than one-quarter of 100%.
In everyday situations, you might encounter 3/27 or 11.11% in various contexts. For example, if only 3 out of 27 students in a class wore red shirts, you could say that 11.11% of the class was wearing red. Similarly, if a store offered an 11.11% discount on an item, it would be roughly equivalent to reducing the price by 3/27 of its original cost.