58/94 as a percentage is 61.70%. This is the rounded value you would see on a report card or a sales chart.
The fraction 58/94 can be simplified to 29/47, but the percentage stays the same. It shows that a little more than half of the whole is being considered.
Percentages like this are handy for quick comparisons. Instead of working with a fraction, you can see the size of the part at a glance.
Remember, when you see 61.70%, it means the same thing as the original fraction, just in a format most people find easier to understand.