32/46 as a percentage is 69.57%. This is the decimal value you get when you compare the part (32) to the whole (46) and then express it as a percent.
The fraction 32/46 can be reduced to 16/23, which still represents the same amount. Whether you write it as 32/46, 16/23, or 69.57%, they all describe the same proportion of a whole.
In everyday situations, you might see this percentage used to show progress, scores, or parts of a group. Rounding to two decimal places keeps the number clear and easy to read while staying accurate enough for most practical purposes.