The fraction 3/54 is equal to 5.56% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents just over 1/20 of the total, or about 1 part in 18. It's a relatively low proportion, indicating that 3 out of every 54 parts make up this fraction.
In everyday situations, you might encounter this percentage in various contexts. For example, if a survey of 54 people found that 3 of them preferred a certain option, you could say that 5.56% of respondents chose that option. Similarly, if 3 out of 54 students in a class received a particular grade, you could express this as 5.56% of the class achieving that result.