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 see this kind of fraction used in statistics or probability. For example, if 31 out of 74 people in a survey preferred a certain product, you could say that 41.89% of the group liked it. This percentage gives a clearer picture of the proportion than the fraction alone, especially when comparing it to other data.
