24/50 as a percentage is 48.00%. This number tells you that the fraction is just under half of a whole. Seeing it written this way makes it easy to compare with other percentages you might encounter in everyday life.
The fraction 24/50 can be reduced to 12/25, which still represents the same portion of a whole. Whether you think of it as 24 out of 50 parts or 12 out of 25 parts, the size of the share stays the same.
In practical terms, 48.00% might show up on a test score, a discount, or a survey result. Knowing that it is a little less than 50% helps you quickly gauge whether something is above or below the midpoint.