The fraction 72/78 is equal to 92.31% when converted to a percentage and rounded to two decimal places. This means that 72 out of 78 parts represent about 92% of the whole. It's a pretty high percentage, showing that a large portion of the total is being considered.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 72 out of 78 students passed a test, you could say that 92.31% of the class succeeded. Or in a manufacturing process, if 72 out of 78 products met quality standards, you'd have a 92.31% success rate. This high percentage indicates a strong performance or a significant majority in most cases.