The fraction 12/46 is equal to 26.09% when converted to a percentage and rounded to two decimal places. This means that if you had 46 items and selected 12 of them, you'd be choosing about a quarter of the total. It's a bit more than one-fourth but not quite as much as one-third of the whole.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 12 out of 46 students in a class wore glasses, you could say that 26.09% of the class had corrective eyewear. Or if 12 out of 46 days in a month were rainy, you'd know that it rained for about 26.09% of the time. This percentage gives you a quick way to understand the proportion of something in relation to the whole.