38/86 as a percentage is 44.19%. This rounded figure tells you how much of a whole the fraction represents when you look at it in terms of percent.
The fraction 38/86 can be simplified to 19/43, but whether you use the original numbers or the reduced form, the percent value stays the same. Seeing it as a percent makes it easier to compare with other values that are also expressed in percent.
Percentages like 44.19% are useful in everyday situations—whether you're looking at a test score, a discount, or a data set. Knowing the percent helps you quickly understand the size of the part relative to the whole without doing extra math each time.