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 something into 71 parts and take 47 of those parts, you'd have about 66.20% of the whole. It's a bit more than two-thirds, which might be easier to visualize for some people.
In everyday life, you might encounter this fraction or percentage in various situations. For example, if 47 out of 71 students in a class passed a test, you could say that 66.20% of the class succeeded. Or if you're looking at statistics, you might see that 47 out of 71 survey respondents agreed with a statement, which would also be represented as 66.20%. It's a useful way to express parts of a whole in a more easily understood format.