The fraction 31/49 is equal to 63.27% when converted to a percentage and rounded to two decimal places. This means that 31 out of 49 parts represent about 63% of the whole. It's a bit more than half, but not quite two-thirds.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 31 out of 49 students in a class passed a test, you could say that 63.27% of the class succeeded. Or if a sports team won 31 games out of a 49-game season, their winning percentage would be 63.27%. This percentage is useful for comparing different fractions or understanding parts of a whole more easily.