The fraction 46/85 is equal to 54.12% when converted to a percentage and rounded to the nearest two decimal places. This means that if you had 85 items and selected 46 of them, you'd have chosen about 54% of the total. It's a bit more than half, but not quite as much as three-fifths.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 46 out of 85 students in a school passed a test, you could say that 54.12% of the students were successful. Or if a sports team won 46 games out of an 85-game season, their winning percentage would be about 54%. This percentage gives a quick and easy way to understand the proportion or part of a whole that the fraction represents.