This lesson teaches students about the relationships between fractions, decimals, and percentages. It provides examples of converting between these representations using models like tape diagrams, grids, and number lines. Students practice different problems converting fractions to decimals and percentages, justifying their work with models. They learn that to change a fraction to a percentage, the denominator can be changed to 100, and that if this is not possible, the fraction can be converted to a decimal first before finding the percentage.