The fraction 38/96 is equal to 39.58% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents the portion of a whole that 38/96 represents. It's a bit less than half, or 50%, which makes sense since 38 is less than half of 96.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 38 out of 96 students in a school passed a test, you could say that 39.58% of the students passed. Or if you completed 38 pages of a 96-page book, you'd be about 39.58% of the way through. This percentage gives a clearer picture of the proportion or part of a whole that the fraction represents.