The fraction 58/80 is equal to 72.50% when converted to a percentage and rounded to two decimal places. This means that 58 out of 80 parts represent nearly three-quarters of the whole. It's a bit more than 70% but not quite 75%, falling right in between those two values.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 58 out of 80 students passed a test, you could say the pass rate was 72.50%. Or if you completed 58 pages of an 80-page book, you'd be 72.50% done with your reading. This percentage is useful for quickly understanding how much of something is being represented by the fraction 58/80.