The fraction 87/99 is equal to 87.88% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents how much of a whole the fraction represents. In other words, if you had 99 equal parts of something and took 87 of those parts, you'd have about 87.88% of the total.
To put this in perspective, 87.88% is pretty close to 90%, which is almost the whole thing. It's like having most of a pizza, with just a slice or two missing. This fraction could be useful in various real-world situations, such as calculating grades, measuring progress towards a goal, or determining the amount of a discount on a purchase.