When you turn 58⁄80 into a percentage you get 72.50%. This value is rounded to two decimal places, so it is easy to read and use.
The fraction 58⁄80 can also be simplified to 29⁄40, which still represents the same part of a whole. Whether you write it as a fraction or a percent, it shows the same proportion.
In everyday life, you might see this percentage on a test score, a discount, or a survey result. It tells you that roughly three‑quarters of the total is achieved or covered.
Remember, 72.50% is just another way of expressing 58⁄80, and both give you a clear picture of the amount being discussed.