When you turn the fraction 5/23 into a percentage, you get 21.74%. This is the rounded value you’ll see most often, and it tells you how much of a whole 5 parts represent out of 23.
The fraction 5/23 is a simple way to show a part of a group when the total has 23 items. It’s useful in situations like dividing a pizza into 23 slices and taking 5 of them, or describing a small share of a larger quantity.
Because percentages are easier to read for many people, the rounded 21.74% gives a quick sense of the size of that share. The two‑decimal rounding keeps the number clear without too many extra digits.