The fraction 88/99 is equal to 88.89% when converted to a percentage and rounded to 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 88 of those parts, you'd have about 88.89% of the total.
To put this in perspective, 88/99 is pretty close to 9/10 or 90%. It's just slightly less than that. If you were to visualize it, imagine a pie chart where almost 89% of the circle is filled in. That's what 88/99 looks like as a percentage. It's a large portion of the whole, leaving only about 11% remaining.