23/48 as a percentage is 47.92%. This value tells you that the fraction is just under half of a whole, which can be useful when you need a quick sense of size in everyday situations.
The fraction 23/48 is a bit more than 1/2 (which would be 0.5 or 50%). It sits comfortably between 22/44 (which simplifies to 1/2) and 24/48 (which is exactly 1/2). Seeing it as a percentage makes it easier to compare with other numbers, especially in charts or reports.
In practical terms, you might see 47.92% on a test score, a budget line, or a survey result. The rounding to two decimal places keeps the figure precise enough for most purposes while still being simple to read.