The fraction 31/72 is equal to 43.06% when converted to a percentage and rounded to two decimal places. This means that if you had 72 items and took 31 of them, you'd have about 43% of the total. It's a bit less than half, but more than a third.
In everyday life, you might see this fraction or percentage used in various situations. For example, if a student got 31 questions right out of 72 on a test, their score would be around 43%. Or if a recipe called for 31/72 of a cup of an ingredient, you'd be using just under half a cup. Understanding fractions and their percentage equivalents can be helpful in many real-world scenarios.