The fraction 50/67 is equal to 74.63% when converted to a percentage and rounded to two decimal places. This means that 50 out of 67 parts represents about three-quarters of the whole. It's a bit more than 74% but not quite 75%, falling right in between those two values.
In everyday situations, you might encounter this fraction or percentage when dealing with things like test scores, survey results, or progress tracking. For instance, if 50 out of 67 people in a group agreed on something, you could say that 74.63% of the group was in agreement. This percentage gives a clearer picture of the proportion compared to just using the fraction alone.