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 a pie divided into 31 slices and took 8 of them, you'd have about a quarter of the pie. It's not quite 25%, but it's pretty close.
In everyday situations, you might come across 8/31 or 25.81% in various contexts. For example, if 8 out of 31 students in a class wear glasses, that's about 25.81% of the class. Or if you're looking at weather forecasts, there might be a 25.81% chance of rain on a given day. While it's not a common fraction or percentage you'd use in daily life, it's still useful to understand how these numbers relate to each other.