The fraction 71/99 is equal to 71.72% when converted to a percentage and rounded to two decimal places. This percentage represents how much of a whole the fraction represents. In other words, if you had 99 equal parts of something and took 71 of those parts, you'd have about 71.72% of the total.
To put this in perspective, 71.72% is a bit less than three-quarters (75%) of a whole. It's more than two-thirds (66.67%) but not quite three-quarters. This fraction could be useful in various real-world situations, like calculating grades, measuring progress on a project, or determining the amount of ingredients in a recipe.