The fraction 50/71 is equal to 70.42% when converted to a percentage and rounded to two decimal places. This means that 50 out of 71 parts represent about 70% of the whole. It's a bit more than two-thirds, which would be closer to 66.67%.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 50 out of 71 students in a class passed a test, you could say that 70.42% of the class succeeded. Or if you completed 50 out of 71 tasks on your to-do list, you've finished about 70% of your work. This fraction and its percentage equivalent can be useful for quick estimations and understanding proportions in different scenarios.