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 makes sense since 37 is less than half of 88.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 37 out of 88 students in a school passed a test, you could say that 42.05% of the students passed. Or if you completed 37 pages of an 88-page book, you'd be about 42.05% of the way through. This percentage gives a clearer picture of the proportion than the fraction alone might for some people.