The fraction 55/88 is equal to 62.50% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents the portion of 55 parts out of a total of 88 parts. It's a bit more than half, showing that 55 is more than halfway to 88.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 55 out of 88 students in a school passed a test, you could say that 62.50% of the students were successful. This percentage gives a clear and easy-to-understand way to express the fraction, making it simpler for people to grasp the proportion quickly.