When you change 37/76 into a percent, you get 48.68%. This is the rounded value you would see on a report card or a simple chart, and it tells you that the fraction is just under half.
The fraction 37/76 can be thought of as 37 parts out of a total of 76 equal parts. Because the numerator is a little less than half of the denominator, the percentage reflects that by being a little under 50 %. It’s a handy way to see the size of the fraction at a glance.
In everyday situations, you might use this percentage to compare scores, calculate discounts, or estimate portions. Remember that the 48.68% figure is already rounded to two decimal places, so it’s precise enough for most practical needs.