54/70 as a percentage is 77.14%. This is the rounded value you would use in most everyday situations.
The fraction 54/70 can be reduced by dividing both numbers by 2, giving 27/35. It is a bit more than three‑quarters, which is why the percentage is close to 75%.
You might see this number when comparing scores, such as getting 54 out of 70 points on a test, or when measuring success rates in a project. It tells you quickly how much of the whole you have achieved.
Remember, the 77.14% figure is rounded to two decimal places, so the exact decimal might be a little different, but for most purposes this level of precision is more than enough.