31/67 as a percentage is 46.27%. This value tells you how much of a whole the fraction represents when you look at it in terms of hundredths.
The fraction 31/67 is a bit more than half of a whole, but not quite. When you see it written as a percentage, it becomes easier to compare with other numbers that are already in percent form, such as test scores or interest rates.
Because the percentage is rounded to two decimal places, the tiny difference between 46.27% and the exact value is not noticeable in most everyday uses. It’s a quick way to understand the size of the fraction without doing the math each time.