The fraction 46/47 is equal to 97.87% when converted to a percentage and rounded to two decimal places. This means that 46/47 represents a value very close to, but slightly less than, 100%. It's a high percentage that indicates nearly the whole of something, with just a tiny bit missing.
In practical terms, 97.87% is almost complete or nearly perfect. For example, if you answered 46 out of 47 questions correctly on a test, you'd score 97.87%. This would be an excellent result, showing that you got almost everything right. Similarly, if 46 out of 47 people in a group agreed on something, it would represent an overwhelming majority with 97.87% in agreement.