The fraction 7/74 is equal to 9.46% when converted to a percentage and rounded to two decimal places. This small percentage represents just under one-tenth of the whole, or about 1 part in 10. It's a fairly low percentage, indicating that 7/74 is less than 10% of the total.
To put this in perspective, if you had a pizza cut into 74 slices and took 7 of them, you'd have about 9.46% of the pizza. Similarly, if you had 74 marbles and 7 of them were red, about 9.46% of the marbles would be red. This fraction and percentage can be useful in various real-world situations, from calculating discounts to understanding proportions in statistics or science experiments.