The fraction 23/48 is equal to 47.92% when converted to a percentage and rounded to two decimal places. This means that if you had 48 equal parts of something and took 23 of those parts, you'd have about 47.92% of the whole. It's a bit less than half, but pretty close.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, sales discounts, or even cooking measurements. For example, if a recipe calls for 23/48 of a cup of flour, you could think of it as using almost half a cup. Understanding these equivalents can be helpful in various real-world scenarios where fractions and percentages are used interchangeably.
