The fraction 8/31 is equal to 25.81% when converted to a percentage and rounded to two decimal places. This means that if you had 31 items and took 8 of them, you'd have about a quarter of the total. It's a bit more than 25%, but not by much.
While 8/31 isn't a common fraction you'd see in everyday life, it's still useful to understand. For example, if you completed 8 out of 31 tasks on a to-do list, you could say you're roughly 25.81% done with your work. This percentage gives a clearer picture of progress than the fraction alone might provide.