The fraction 8/50 is equal to 16.00% when converted to a percentage and rounded to two decimal places. This means that 8 out of every 50 parts represents 16% of the whole. It's a relatively small percentage, less than one-fifth of the total.
To put this in perspective, if you had a group of 50 people and 8 of them wore red shirts, 16% of the group would be in red. Similarly, if you had $50 and spent $8, you would have used up 16% of your money. This fraction and percentage can be useful in various everyday situations, from calculating discounts to understanding survey results.
