The fraction 56/72 is equal to 77.78% when converted to a percentage and rounded to two decimal places. This means that if you had 72 items and selected 56 of them, you'd be choosing about 78% of the total. It's a fairly high percentage, representing more than three-quarters of the whole.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 56 out of 72 students passed a test, you could say the pass rate was 77.78%. Or if a basketball player made 56 out of 72 free throw attempts in a season, their free throw percentage would be 77.78%. This percentage is useful for comparing different fractions or understanding how much of a whole something represents.