The fraction 46/86 is equal to 53.49% when converted to a percentage and rounded to two decimal places. This means that if you had 86 items and selected 46 of them, you'd be choosing just over half of the total. It's a bit more than 50%, but not by much.
In everyday situations, you might encounter this fraction or percentage when dealing with things like test scores, survey results, or even cooking measurements. For example, if 46 out of 86 people surveyed preferred a certain product, you could say that 53.49% of respondents liked it. This percentage gives a clearer picture of the proportion than the original fraction, making it easier for most people to understand at a glance.