The fraction 55/74 is equal to 74.32% when converted to a percentage and rounded to two decimal places. This means that if you were to divide something into 74 equal parts and take 55 of those parts, you'd have about 74.32% of the whole. It's a bit more than three-quarters but not quite three-fourths.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 55 out of 74 students passed a test, you could say that 74.32% of the class succeeded. Or if you completed 55 pages of a 74-page book, you'd be 74.32% of the way through. This percentage is useful for understanding how much of something you have in relation to the total amount.