46/84 as a percentage is 54.76%. This is the decimal form of the fraction turned into a percent and rounded to two decimal places.
The fraction 46/84 can be simplified by dividing both the numerator and denominator by 2, giving 23/42. Even though the numbers are smaller, the value stays the same, so the percentage remains 54.76%.
Percentages like this are useful for comparing parts of a whole. For example, if you scored 46 points out of 84 on a test, you earned 54.76% of the total possible points. This makes it easy to see how you performed at a glance.