The fraction 54/65 is equal to 83.08% when converted to a percentage and rounded to two decimal places. This means that if you had 65 equal parts of something and took 54 of those parts, you'd have about 83% of the whole. It's a pretty big chunk, more than three-quarters but not quite as much as seven-eighths.
In everyday life, you might see this kind of percentage in various situations. For example, if 54 out of 65 students passed a test, the pass rate would be 83.08%. Or if a basketball player made 54 out of 65 free throw attempts, their free throw percentage would be 83.08%. It's a solid percentage that shows a clear majority or a good success rate in many contexts.