The fraction 58/87 is equal to 66.67% when converted to a percentage and rounded to two decimal places. This means that if you were to divide 58 by 87, you'd get a decimal that's pretty close to two-thirds of a whole. It's a bit more than half, but not quite three-quarters.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 58 out of 87 students in a class passed a test, you could say that 66.67% of the class succeeded. Or if you're looking at a progress bar on a computer that's 58/87ths full, you'd know it's about two-thirds complete. This percentage is useful for quickly understanding how much of something you have compared to the total.