46/50 as a percentage is 92.00%. This means the fraction is just a little short of a whole, and when you write it as a percent it shows how close it is to 100 %.
The fraction can be simplified to 23/25, which still represents the same value. Whether you keep it as 46/50 or 23/25, the result stays at 92.00% when expressed as a percent.
In everyday life you might see this kind of number when something is almost complete, like a test score of 46 out of 50 points or a discount that leaves you paying 92 % of the original price. It’s a quick way to understand the proportion without doing the math each time.