The fraction 11/23 is equal to 47.83% when converted to a percentage and rounded to two decimal places. This means that if you were to divide something into 23 equal parts and take 11 of those parts, you'd have about 47.83% of the whole. It's a bit less than half, but pretty close.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 11 out of 23 students in a class prefer pizza over burgers for lunch, that's about 47.83% of the class. Or if you're looking at a partly filled water bottle and it's 11/23 full, you could say it's roughly 47.83% full. This fraction and its percentage equivalent can be useful for quick estimations in daily life.