The fraction 37/88 is equal to 42.05% when converted to a percentage and rounded to two decimal places. This percentage represents the portion of a whole that 37/88 represents. It's a bit less than half, which would be 50%.
To put this in perspective, if you had a pizza cut into 88 slices and took 37 of them, you'd have about 42% of the pizza. This fraction and percentage could be useful in various real-world situations, like calculating grades, measuring ingredients in cooking, or determining sales discounts. Remember, 42.05% is just another way of expressing the same value as 37/88.