The fraction 56/88 is equal to 63.64% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents the portion of 88 that 56 makes up. It's a bit more than half, showing that 56 is a significant part of 88.
To put this in perspective, if you had a pizza cut into 88 slices and ate 56 of them, you'd have consumed about 63.64% of the whole pizza. This fraction and its equivalent percentage can be useful in various real-world situations, like calculating grades, measuring progress, or determining portions in recipes.