The fraction 37/87 is equal to 42.53% when converted to a percentage and rounded to two decimal places. This means that 37 out of 87 parts represent about 42 and a half percent of the whole. It's a bit less than half, but still a significant portion.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 37 out of 87 students in a school passed a test, you could say that 42.53% of the students were successful. Or if a sale offers 37/87 off the original price, you'd be getting a discount of about 42.53%. Understanding these equivalents can be helpful in making quick estimates or comparisons in daily life.