The fraction 40/87 is equal to 45.98% when converted to a percentage and rounded to two decimal places. This means that if you had 87 items and selected 40 of them, you'd be choosing about 46% of the total. It's a bit less than half, but pretty close.
In everyday situations, you might encounter this fraction or percentage when dealing with things like test scores, survey results, or even cooking measurements. For example, if 40 out of 87 people surveyed preferred a certain product, you could say that 45.98% of respondents liked it. This percentage gives a clearer picture of the proportion than the fraction alone, especially when comparing different sample sizes.