The fraction 40/54 is equal to 74.07% when converted to a percentage. This means that if you had 54 items and took 40 of them, you'd have about 74% of the total. It's a bit more than three-quarters but not quite three-fourths.
In everyday situations, you might see this fraction pop up in various contexts. For example, if 40 out of 54 students passed a test, you could say the pass rate was 74.07%. Or if a basketball player made 40 out of 54 free throws in a season, their free throw percentage would be 74.07%. This percentage is useful for comparing different fractions or understanding parts of a whole more easily.