The fraction 67/74 is equal to 90.54% when converted to a percentage and rounded to two decimal places. This means that 67 out of 74 parts represent just over 90% of the whole. It's a fairly high percentage, showing that the fraction is close to being a complete unit.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 67 out of 74 students passed a test, you could say that 90.54% of the class succeeded. Or in a manufacturing process, if 67 out of every 74 products meet quality standards, the quality control rate would be 90.54%. This high percentage indicates a good success rate or efficiency in most cases.