The fraction 70/83 is equal to 84.34% when converted to a percentage and rounded to two decimal places. This means that if you had 83 equal parts of something and took 70 of those parts, you'd have about 84% of the whole. It's a pretty high percentage, showing that 70/83 represents a significant portion of the total.
To put this in perspective, 84.34% is more than three-quarters but less than nine-tenths of the whole. In everyday terms, if you completed 70 out of 83 tasks on your to-do list, you'd be making great progress. Or if you scored 70 points out of a possible 83 on a test, you'd be doing really well with a score of about 84%.