The fraction 31/75 is equal to 41.33% when converted to a percentage and rounded to two decimal places. This percentage represents the portion of 75 that 31 takes up. It's a way to express the fraction as parts per hundred, making it easier to understand and compare with other values.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 31 out of 75 students in a class passed a test, you could say that 41.33% of the class passed. This percentage gives a quick and clear picture of how many students succeeded compared to the total number in the class. Whether you're dealing with statistics, finances, or other fields where proportions are important, knowing how to interpret fractions as percentages can be very useful.