The fraction 31/36 is equal to 86.11% when converted to a percentage and rounded to two decimal places. This percentage represents how close the fraction is to being a whole, with 100% indicating a complete whole. In this case, 31/36 is quite close to being complete, as it's over 80% of the way there.
To put this in perspective, if you had a pizza cut into 36 slices and ate 31 of them, you would have consumed 86.11% of the pizza. This fraction and its equivalent percentage are often used in various fields like statistics, finance, and everyday calculations where parts of a whole need to be expressed in different formats.