The fraction 46/98 is equal to 46.94% when converted to a percentage and rounded to two decimal places. This means that if you had 98 items and selected 46 of them, you'd be choosing just under half of the total. It's a bit less than 50%, which would be exactly half.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 46 out of 98 students passed a test, you could say that 46.94% of the class succeeded. Or if a sale offers 46/98 off the original price, you'd be getting a discount of about 47%. Understanding these equivalences can be helpful in making quick estimates or comparisons in daily life.