The fraction 58/78 is equal to 74.36% when converted to a percentage and rounded to two decimal places. This means that if you had 78 items and took 58 of them, you'd have about three-quarters of the total. It's a fairly high percentage, showing that a significant portion is being represented.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 58 out of 78 students passed a test, you could say the pass rate was 74.36%. Or if a basketball player made 58 out of 78 free throw attempts in a season, their free throw percentage would be 74.36%. This percentage is useful for comparing different fractions or understanding how much of a whole something represents.