The fraction 47/71 is equal to 66.20% when converted to a percentage and rounded to two decimal places. This means that if you were to divide 47 by 71, you'd end up with a little more than 66 out of 100. It's a bit higher than 65% but not quite as much as 67%.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 47 out of 71 students passed a test, you could say that 66.20% of the class succeeded. Or if you're looking at sales data and 47 out of 71 products sold, you'd have moved 66.20% of your inventory. It's a useful way to express parts of a whole in a format that's easy to understand and compare.