The fraction 56/74 is equal to 75.68% when converted to a percentage and rounded to two decimal places. This means that if you were to divide 56 by 74, you'd get a decimal value that's pretty close to three-quarters of a whole. It's a bit more than 75% but not quite 76%.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 56 out of 74 students passed a test, you could say that 75.68% of the class succeeded. Or if you're looking at sales data and 56 out of 74 products were sold, you'd have moved 75.68% of your inventory. This percentage gives you a quick and easy way to understand the proportion or part of a whole that 56/74 represents.