62/74 as a percentage is 83.78%. This number tells you how much of a whole the fraction represents when you look at it in terms of 100 parts.
The fraction 62/74 can be reduced to 31/37, but whether you keep it as 62/74 or 31/37, the percentage stays the same. It shows that the value is close to four‑fifths of a whole, which is useful when you need a quick estimate.
In everyday life you might see percentages like this when comparing scores, calculating discounts, or checking how much of a resource has been used. Knowing that 62 out of 74 is about 83.78% makes it easy to understand the size of the portion at a glance.