The fraction 46/87 is equal to 52.87% when converted to a percentage and rounded to two decimal places. This means that if you were to divide something into 87 parts and take 46 of those parts, you'd have about 53% of the whole. 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 87 students in a school passed a test, you could say that 52.87% of the students were successful. Or if a basketball player made 46 out of 87 free throw attempts in a season, their free throw percentage would be 52.87%. This percentage gives a quick and easy way to understand the fraction's value in relation to the whole.