37/98 as a percentage is 37.76%. This number tells you how much of a whole the fraction represents when you look at it in terms of hundredths.
The fraction 37/98 can be thought of as taking 37 equal parts out of a total of 98 parts. When you compare those parts to a full set of 100, you end up with the same value as the percentage above.
In everyday situations, you might see a percentage like this when dealing with scores, discounts, or statistics. Knowing that 37/98 is about 37.76% helps you quickly understand the size of the portion without having to work with the fraction directly.