8/74 as a percentage is 10.81%. This value tells you how much of a whole the fraction represents when you think in terms of 100 parts.
The fraction 8/74 can be reduced to its simplest form, which is 4/37. Even in this reduced form, the size of the part stays the same, and it still equals 10.81% of a whole.
Knowing the percentage makes it easier to compare this amount with other numbers, such as grades, discounts, or statistics, because most people are comfortable reading numbers out of 100.
