The fraction 53/96 is equal to 55.21% when converted to a percentage and rounded to two decimal places. This means that if you had a pie divided into 96 slices and took 53 of them, you'd have about 55% of the whole pie. It's a bit more than half, but not quite as much as three-fifths.
In everyday situations, you might see this percentage used to describe things like test scores, sales discounts, or progress towards a goal. For example, if a student got 53 questions right out of 96 on a test, their score would be about 55%. Or if a store was offering a 55% discount, that would be pretty close to reducing the price by 53/96ths.