The fraction 38/99 is equal to 38.38% when converted to a percentage and rounded to two decimal places. This percentage represents the portion of a whole that 38/99 represents. It's a bit more than one-third but less than two-fifths of the total.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 38 out of 99 students in a school passed a test, you could say that 38.38% of the students were successful. Similarly, if a store sold 38 items out of a stock of 99, they would have sold about 38.38% of their inventory. This percentage gives a quick and easy way to understand the relative size or proportion of something in relation to the whole.