The fraction 87/88 is equal to 98.86% when converted to a percentage and rounded to two decimal places. This means that 87/88 represents a value very close to 100%, or a whole unit. It's just slightly less than a complete whole, missing only about 1.14% to reach 100%.
In practical terms, 87/88 or 98.86% could be used to describe situations where something is almost entirely complete or full. For example, a student who correctly answers 87 out of 88 questions on a test would score 98.86%. Similarly, if 87 out of 88 seats in a theater are occupied, the theater would be 98.86% full. This fraction and its percentage equivalent are useful for expressing near-total completion or fullness in various contexts.