To get a close estimate, we can round 49 up to 50 and 311 down to 300, obtaining an estimate of 50/300 = 1/6, or 0.1666... as a repeating decimal. That decimal approximation is a little less than one hundredth away from the actual decimal approximation of ≈ 0.1576
They are equal because you can measure the percentage as a decimal with a maximum of 1.
