The fraction 46/83 is equal to 55.42% when converted to a percentage and rounded to two decimal places. This means that if you had 83 items and took 46 of them, you'd have about 55% of the total. It's a bit more than half, but not quite as much as three-fifths.
In everyday situations, you might see this kind of fraction used to describe things like test scores, survey results, or parts of a whole. For example, if 46 out of 83 people in a group liked a new flavor of ice cream, you could say that 55.42% of the group enjoyed it. This percentage gives a clearer picture of the proportion than the original fraction for most people.