The fraction 33/67 is equal to 49.25% when converted to a percentage and rounded to two decimal places. This means that 33/67 represents just under half of a whole, or slightly less than 50%. It's a bit like having 49 and a quarter cents out of a dollar.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, sales discounts, or even cooking measurements. For example, if you scored 33 out of 67 questions correctly on a quiz, you'd have gotten about 49.25% of the answers right. Or if a store was offering a 49.25% discount on an item, you'd be paying just over half the original price.