The fraction 33/48 is equal to 68.75% when converted to a percentage. This percentage represents how much of a whole the fraction represents. In other words, if you had 48 equal parts of something and took 33 of those parts, you'd have 68.75% of the whole.
To put this into perspective, 68.75% is more than two-thirds but less than three-quarters of a whole. It's a fairly large portion, representing over half of something. In everyday situations, you might encounter this percentage in various contexts, such as test scores, sales discounts, or progress towards a goal.