The fraction 42/75 is equal to 56.00% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents how much of a whole the fraction represents. In other words, if you had 75 items and took 42 of them, you'd have 56% of the total.
To put this in perspective, 56% is a little over half. It's more than 50% but less than 60%. This means that 42/75 represents a majority, albeit a small one. In everyday situations, you might encounter this fraction or percentage when dealing with things like test scores, survey results, or even in cooking measurements.