The fraction 31/96 is equal to 32.29% when converted to a percentage and rounded to two decimal places. This percentage represents the portion of a whole that 31/96 represents. It's a bit less than one-third, which would be about 33.33%.
In everyday situations, you might encounter this fraction or percentage when dealing with things like test scores, sales figures, or statistical data. For example, if 31 out of 96 students passed a difficult exam, you could say that 32.29% of the class succeeded. This gives a quick and easy-to-understand way to grasp the proportion without having to think about the original fraction.