The fraction 8/74 is equal to 10.81% when converted to a percentage and rounded to two decimal places. This means that 8 out of 74 parts represent about 10.81% of the whole. It's a relatively small percentage, indicating that 8/74 is less than one-eighth of the total.
To put this in perspective, if you had a large pizza cut into 74 slices and took 8 of them, you'd have about 10.81% of the pizza. This fraction and percentage might come up in various real-world situations, such as calculating probabilities, analyzing survey results, or determining portions of a whole in different contexts.