The fraction 74/80 as a percentage is 92.50%. This tells you that the part represented by 74 out of a total of 80 is just under a full whole.
74/80 can be reduced to 37/40, which is still the same amount. Thinking of it as 92.50% makes it easy to compare with other numbers that are already in percent form.
When you see 92.50%, you know the value is very close to 100%, meaning the fraction is almost the entire whole. This is useful for quick estimates in everyday situations like grades, discounts, or test scores.