The fraction 7/31 is equal to 22.58% when converted to a percentage and rounded to two decimal places. This means that if you had a pie divided into 31 slices and took 7 of them, you'd have about 22.58% of the whole pie. It's a bit less than a quarter, which would be 25%.
In everyday life, you might come across this fraction or percentage in various situations. For example, if 7 out of 31 students in a class wore glasses, you could say that 22.58% of the class wears glasses. Or if a store offered a 22.58% discount on an item, it would be like reducing the price by about 7/31 of the original cost.
