64/86 as a percentage is 74.42%. This is the rounded value you get when you express the fraction in percent form.
The fraction 64/86 can be reduced to 32/43, but the percentage stays the same because it represents the same part of a whole.
Seeing a number as a percent makes it easier to compare with other values, like test scores or discounts, since most people think in terms of “out of 100.”
Remember, 74.42% tells you that the fraction is a little less than three‑quarters of the whole.