The fraction 71/87 is equal to 81.61% when converted to a percentage and rounded to two decimal places. This means that if you were to divide 71 by 87, you'd get a decimal that's pretty close to 0.8161. It's a bit more than four-fifths or 80% of the whole.
In everyday life, you might come across this kind of fraction when dealing with things like test scores or statistics. For example, if someone answered 71 out of 87 questions correctly on a quiz, you could say they got 81.61% right. It's a solid score, showing that the person got more than 8 out of every 10 questions correct.