The fraction 8/23 is equal to 34.78% when converted to a percentage and rounded to two decimal places. This means that if you had 23 equal parts of something and took 8 of those parts, you'd have about 34.78% of the whole. It's a bit more than one-third but less than half of the total.
In everyday life, you might come across this fraction in various situations. For example, if 8 out of 23 students in a class wore glasses, you could say that 34.78% of the class wears glasses. Or if you completed 8 out of 23 tasks on your to-do list, you'd have finished about 34.78% of your work. This percentage gives us a quick and easy way to understand the relative size or amount that 8/23 represents.