The fraction 55/71 is equal to 77.46% when converted to a percentage and rounded to two decimal places. This means that if you were to divide 55 by 71, you'd get a decimal that's pretty close to three-quarters of a whole. It's a bit more than 75% but not quite 80%.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 55 out of 71 students passed a test, you could say that 77.46% of the class succeeded. Or if you're looking at sales data and 55 out of 71 products sold, you'd have a 77.46% success rate. This percentage gives you a quick and easy way to understand the proportion or part-to-whole relationship that the fraction represents.