The fraction 54/92 is equal to 58.70% when converted to a percentage and rounded to two decimal places. This means that if you had 92 items and selected 54 of them, you'd be choosing about 58.70% of the total. It's a bit more than half, but not quite as much as 60%.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, survey results, or even cooking measurements. For example, if 54 out of 92 people surveyed preferred a certain product, you could say that 58.70% of the group liked it. This percentage gives a clearer picture of the proportion than the fraction alone, making it easier for most people to understand at a glance.