Let's look at the fraction 75/85. When you change it to a percent, you get 88.24%. This is the rounded value to two decimal places.
The fraction 75/85 can be simplified a little, but the percentage stays the same. It shows that the part (75) is a large portion of the whole (85), just shy of nine‑tenths.
In everyday use, you might see this percentage on a report card, a quiz score, or a discount. Knowing that 75/85 equals 88.24% helps you quickly understand how well something performed.