The fraction 31/56 is equal to 55.36% when converted to a percentage and rounded to two decimal places. This means that 31 out of 56 parts represent just over half of the total. It's a bit more than 50% but not quite as much as 60%.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 31 out of 56 students in a class passed a test, you could say that 55.36% of the class succeeded. Or if you completed 31 out of 56 tasks on your to-do list, you'd have finished 55.36% of your work. This percentage is useful for understanding how much of something is represented by the fraction 31/56.