The fraction 42/72 is equal to 58.33% when converted to a percentage and rounded to two decimal places. This means that 42 out of 72 parts represent about 58 and a third percent of the whole. It's a bit more than half, but not quite as much as three-fifths.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 42 out of 72 students in a class passed a test, you could say that 58.33% of the class succeeded. Or if you completed 42 pages of a 72-page book, you'd be about 58% of the way through your reading. This fraction and its percentage equivalent can be useful for quick mental calculations and estimations in daily life.