The fraction 31/34 is equal to 91.18% when converted to a percentage and rounded to two decimal places. This means that 31 out of 34 parts represent about 91% of the whole. It's a pretty high percentage, showing that the fraction is close to being a complete unit.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 31 out of 34 students in a class passed a test, you could say that 91.18% of the class succeeded. Or if a sports team won 31 out of their 34 games in a season, their winning percentage would be 91.18%. This high percentage indicates a strong performance or a significant majority in most cases.