If we make the number equal to x...
0.21212121.... = x 
multiply each side by 100
21.212121.... = 100x 
remember that x is 0.21212121? we can subtract that now from 21.21212121, as well as x from 100.
21.212121... - 0.212121... = 100x - x 
we are left with 21 = 99x
21 = 99x 
simplify....
7 = 33x 
and divide!
7/33 = x
Your answer is: 0.2121212121.... = 7/33