The fraction 2/4 represents two parts out of a total of four equal parts. In this case, the numerator (2) indicates how many parts are being considered, while the denominator (4) shows the total number of equal parts. This fraction can be simplified to 1/2 by dividing both the numerator and denominator by their greatest common divisor, which is 2. Fractions like 2/4 are commonly used in various contexts, such as cooking, measuring, and dividing items. Understanding fractions is essential for performing calculations involving parts of a whole, making them a fundamental concept in mathematics.