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 closer to seven-tenths (70%) than it is to three-quarters. This fraction and its percentage equivalent could be useful in various real-world situations, such as calculating grades, measuring progress towards a goal, or determining the completion level of a project.