The fraction 31/74 is equal to 41.89% when converted to a percentage and rounded to two decimal places. This means that if you were to divide something into 74 parts and take 31 of those parts, you'd have about 42% of the whole. It's a bit less than half, but more than a third.
In everyday life, you might come across this fraction or percentage in various situations. For example, if 31 out of 74 students in a class passed a test, you could say that 41.89% of the class succeeded. Or if you're looking at sales data and see that 31 out of 74 customers made a purchase, you'd know that about 42% of potential buyers actually bought something. It's a handy way to understand parts of a whole in relation to 100.
