15/48 = 31.25%
A share of 31.25% might show up when a little under a third of a group chooses the same option in a poll. You could also see a similar portion when tracking how much of a project is finished.
To picture 15/48 quickly, think of it as just under one-third. One-third of 48 would be 16, so 15 out of 48 is a tiny bit less.
A common mix-up is to call it exactly 31% or exactly one-third. Both are useful rough estimates, but 15/48 is a little more precise: it’s 31.25%, just below one-third.