The fraction 46/100 is equal to 46.00% when expressed as a percentage. This means that if you have 46 out of 100 parts of something, you have 46 percent of the whole. It's a way to represent a part of a total, where the total is considered to be 100.
In everyday life, you might see 46% used in various contexts. For example, if 46 out of 100 students in a class passed a test, you could say that 46% of the class passed. Or if a store is having a sale where items are marked down by 46%, it means the prices are reduced by 46/100 of their original cost. This percentage is just under half, so it represents a bit less than half of any whole amount.