The fraction 40/55 is equal to 72.73% when converted to a percentage and rounded to two decimal places. This means that 40 out of 55 parts represent nearly three-quarters of the whole. It's a bit more than 70% but not quite 75%, falling right in between those two values.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 40 out of 55 students in a class passed a test, you could say that 72.73% of the class succeeded. Or if you completed 40 out of 55 tasks on your to-do list, you'd have finished about 72.73% of your work. This percentage is useful for quickly understanding how much of something is being represented by the fraction 40/55.