The fraction 76/88 is equal to 86.36% when converted to a percentage and rounded to two decimal places. This percentage represents how much of the whole (88) is accounted for by the part (76). It's a way to express the fraction as parts per hundred, making it easier to understand and compare with other values.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 76 out of 88 students passed a test, you could say the pass rate was 86.36%. Or if a basketball player made 76 out of 88 free throw attempts, their free throw percentage would be 86.36%. This high percentage indicates a strong performance or a significant portion of the whole in most cases.