The fraction 8/78 is equal to 10.26% when converted to a percentage and rounded to two decimal places. This means that if you had 78 items and selected 8 of them, you'd be choosing about 10% of the total. It's a relatively small percentage, representing just over one-tenth of the whole.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 8 out of 78 students in a school got perfect scores on a test, you could say that 10.26% of the students aced it. Or if 8 out of 78 days in a summer were rainy, you'd know that it rained on about 10% of the days. This fraction and its percentage equivalent can be useful for quick mental calculations and understanding proportions in different scenarios.