The fraction 31/56 is equal to 55.36% when converted to a percentage and rounded to two decimal places. This means that if you had 56 equal parts of something and took 31 of those parts, you'd have about 55% of the whole. It's a bit more than half, but not quite as much as three-fifths.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, survey results, or even cooking measurements. For example, if 31 out of 56 people in a class passed a test, you could say that 55.36% of the class passed. This percentage gives a quick and easy way to understand the proportion without having to think about the original fraction.