The fraction 11/48 is equal to 22.92% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents the portion of a whole that 11/48 represents. It's a bit less than one-quarter or 25%, which makes sense since 11 is slightly less than 12 (which would be exactly one-quarter of 48).
In everyday situations, you might encounter 11/48 or 22.92% in various contexts. For example, it could represent the chance of an event happening, a portion of a group, or a part of a whole in measurements or recipes. While not a common fraction, understanding its percentage equivalent can help in quick mental calculations and comparisons.