The fraction 40/88 is equal to 45.45% when converted to a percentage and rounded to two decimal places. This percentage represents the portion of 40 parts out of a total of 88 parts. It's a way to express the fraction as a part of 100, making it easier to understand and compare with other values.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 40 out of 88 students in a school passed a test, you could say that 45.45% of the students were successful. This percentage gives a quick and clear picture of the proportion, allowing for easy comparison with other test results or standards.