The fraction 55/66 is equal to 83.33% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents how much of a whole the fraction represents. In other words, if you had 66 items and took 55 of them, you'd have about 83.33% of the total.
To put this in perspective, 83.33% is pretty close to 5/6 or about 4/5 of something. It's a significant portion, more than three-quarters but less than 9/10. In everyday situations, you might encounter this percentage in various contexts, like test scores, sales discounts, or even in cooking when adjusting recipe quantities.