The fraction 70/86 is equal to 81.40% when converted to a percentage and rounded to two decimal places. This means that if you had 86 items and took 70 of them, you'd have about 81.40% of the total. It's a pretty high percentage, showing that 70 is close to 86 in value.
To put it another way, 81.40% is more than three-quarters but less than seven-eighths of the whole. In everyday situations, you might see this kind of fraction when talking about test scores, sales figures, or even in cooking recipes. It's useful to know both the fraction and percentage forms, as they can be handy in different contexts.