The fraction 54/88 is equal to 61.36% when converted to a percentage and rounded to two decimal places. This means that if you had 88 items and selected 54 of them, you'd be choosing about 61% of the total. It's a bit more than half, but not quite two-thirds.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 54 out of 88 students passed a test, you could say the pass rate was 61.36%. Or if a sports team won 54 games out of an 88-game season, their winning percentage would be 61.36%. This percentage is useful for comparing different fractions or ratios with different denominators.