The fraction 54/71 is equal to 76.06% when converted to a percentage and rounded to two decimal places. This means that if you were to divide 54 by 71, you'd get a decimal that's just over three-quarters of the way to 100%. It's a bit more than 75% but not quite as high as 80%.
In everyday situations, you might come across this percentage in various contexts. For example, if 54 out of 71 students passed a test, you could say that 76.06% of the class was successful. Or if a basketball player made 54 out of 71 free throw attempts in a season, their free throw percentage would be 76.06%. This fraction and its equivalent percentage represent a fairly high proportion, showing that something occurred or was achieved in more than three-quarters of cases.