The fraction 43/98 is equal to 43.88% when converted to a percentage and rounded to the nearest two decimal places. This means that if you had 98 items and selected 43 of them, you'd have chosen about 43.88% of the total. It's a bit less than half, but still a significant portion.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, survey results, or even cooking measurements. For example, if 43 out of 98 people surveyed preferred a certain product, you could say that 43.88% of the group liked it. This information can be useful for making decisions or understanding data in various fields, from business to science.