The fraction 4/60 is equal to 6.67% when converted to a percentage and rounded to two decimal places. This small percentage represents a relatively minor portion of a whole, just over one-fifteenth. It's a useful figure to know for various everyday calculations and comparisons.
In practical terms, 6.67% could be used to describe things like a small discount on a purchase, a modest increase in sales, or a minor change in statistics. While it may seem like a small number, in certain contexts, even this percentage can be significant. For example, in large-scale financial operations or scientific measurements, a 6.67% difference could have notable impacts.