The fraction 38/81 is equal to 46.91% when converted to a percentage and rounded to two decimal places. This means that if you had 81 equal parts of something and took 38 of those parts, you'd have about 47% of the whole. It's a bit less than half, but not by much.
In everyday life, you might see this fraction or percentage used in various situations. For example, if a student got 38 questions right out of 81 on a test, their score would be around 47%. Or if a basketball player made 38 out of 81 free throw attempts in a season, their free throw percentage would be about 47% as well. It's a useful number to know for quick estimations when dealing with parts of a whole.