The fraction 42/74 is equal to 56.76% when converted to a percentage and rounded to two decimal places. This means that 42 out of 74 parts represent about 57% 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 74 students in a class passed a test, you could say that 56.76% of the class succeeded. Or if a sports team won 42 games out of a 74-game season, their winning percentage would be 56.76%. This percentage gives a quick and easy way to understand the proportion or ratio represented by the fraction 42/74.