The fraction 74/92 is equal to 80.43% when converted to a percentage. This percentage is rounded to the nearest two decimal places. The fraction represents a part-to-whole relationship, where 74 is the numerator (part) and 92 is the denominator (whole).
In everyday situations, percentages are often more intuitive and easier to understand than fractions. For example, if 74 out of 92 students in a class passed an exam, saying that 80.43% of students passed gives a clearer picture of the overall performance. This percentage allows for quick comparisons and helps in making decisions based on relative proportions.