40/75 as a percentage is 53.33%. This value comes from turning the fraction into a part of a whole, which is easy to understand when you think of 100 as a complete set.
The fraction 40/75 can also be simplified to 8/15, but the percentage stays the same. Seeing it as a percent helps when you compare it to other numbers that are already in percent form.
In everyday situations, 53.33% means a little more than half of something. If you had 75 items and took 40 of them, you’d have taken just over half.
Using percentages like this makes it simple to communicate how much of a whole you have, without needing to work with the original fraction.