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 three-quarters of the whole. It's a bit more than 7 out of 10, but not quite 3 out of 4.
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 was successful. Or if you completed 55 out of 74 tasks on your to-do list, you'd have finished about 74.32% of your work. This percentage is useful for quickly understanding how much of something is being represented by the fraction.