The fraction 31/43 is equal to 72.09% when converted to a percentage and rounded to two decimal places. This means that if you were to divide 31 by 43, you'd get a decimal value that's just over 72% of a whole. It's a bit more than seven-tenths, but not quite three-quarters of the total.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 31 out of 43 people in a group agreed on something, you could say that 72.09% of the group was in agreement. Or if you completed 31 out of 43 tasks on your to-do list, you'd have finished about 72% of your work. This fraction and its percentage equivalent can be useful for understanding proportions and making quick estimates in daily life.