The fraction 11/48 is equal to 22.92% when converted to a percentage and rounded to 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 might be helpful for quick mental comparisons.
In everyday situations, you might encounter 11/48 or 22.92% in various contexts. For example, it could represent the chance of an event occurring, a portion of a budget, or a segment of a population. Understanding both the fraction and percentage forms can be useful for different types of calculations or when communicating data to others who might prefer one format over the other.