The fraction 54/74 is equal to 72.97% when converted to a percentage and rounded to two decimal places. This means that 54 out of 74 parts represent nearly three-quarters of the whole. It's a bit more than 70% but not quite 75%, falling right in between those two values.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 54 out of 74 students passed a test, you could say the pass rate was 72.97%. Or if a basketball player made 54 out of 74 free throw attempts in a season, their free throw percentage would be 72.97%. This percentage is useful for comparing relative amounts or success rates in different scenarios.
