10/48 as a percentage is 20.83%. This number tells you how much of a whole the fraction represents when you look at it in terms of 100 parts.
The fraction 10/48 can be simplified to 5/24, but the size of the part stays the same. Whether you write it as 10/48, 5/24, or 20.83%, you are describing the same portion of a whole.
Knowing the percentage helps when you compare it to other values. For example, if 20.83% of a class of 48 students likes pizza, that means about ten students are fans. This makes it easy to talk about parts of a group in everyday situations.