The fraction 58/74 is equal to 78.38% when converted to a percentage and rounded to two decimal places. This means that if you had 74 items and selected 58 of them, you'd have chosen 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 58 out of 74 students passed a test, you could say the pass rate was 78.38%. Or if a basketball player made 58 out of 74 free throw attempts in a season, their free throw percentage would be 78.38%. This percentage is often used to give a clearer picture of how a part relates to the whole.