The fraction 31/63 is equal to 49.21% when converted to a percentage and rounded to two decimal places. This means that 31/63 represents just under half of a whole, or slightly less than 50%. It's a close approximation to one-half, which would be exactly 50%.
In practical terms, if you had 63 items and took away 31 of them, you'd be left with about 49% of the original amount. This fraction could be useful in various real-world situations, such as calculating discounts, measuring progress, or dividing resources. While not as common as simpler fractions like 1/2 or 1/4, 31/63 can still be a handy figure to know in certain contexts.