When you change the fraction 38/75 into a percent, you get 50.67%. This is the rounded value you would see on a report card or a sales chart.
The fraction 38/75 is just a way to show part of a whole. It tells us that out of 75 equal pieces, 38 are being counted. Because the number is a little more than half of 75, the value feels close to ½, which is why the percentage is a little above 50 %.
Using the percentage makes it easier to compare with other numbers. For example, if a student answered 38 out of 75 quiz questions correctly, you could say they scored 50.67%, which is a clear way to see how they did compared to a class average or a passing mark.