The fraction 56/92 is equal to 60.87% when converted to a percentage and rounded to two decimal places. This means that if you had 92 items and selected 56 of them, you'd have chosen about 61% of the total. It's a bit more than half, but not quite two-thirds.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 56 out of 92 students passed a test, you could say the pass rate was 60.87%. Or if a sports team won 56 games out of a 92-game season, their winning percentage would be 60.87%. This percentage is useful for comparing different fractions or understanding parts of a whole more easily.