When you turn 50/60 into a percent, you get 83.33%.
The fraction 50/60 simplifies to 5/6, which is a little more than half but less than a whole. In everyday terms, it means you have five parts out of six equal parts.
Because we round to two decimal places, the percentage is shown as 83.33% instead of a longer decimal. This rounded figure is easy to read and works well for most practical uses.