The fraction 31/46 is equal to 67.39% when converted to a percentage and rounded to two decimal places. This means that if you had 46 items and took 31 of them, you'd have about two-thirds of the total. It's a bit more than half, but not quite three-quarters.
In everyday situations, you might see this fraction pop up in things like test scores or sales figures. For example, if a student got 31 questions right out of 46 on a quiz, they'd score about 67% overall. Or if a store sold 31 items out of a shipment of 46, they'd have moved about 67% of their inventory.