The fraction 47/48 is equal to 97.92% when converted to a percentage and rounded to two decimal places. This means that 47/48 represents a value very close to a whole, or 100%. It's just a tiny bit less than complete, missing only 1/48 of the total.
To put this in perspective, imagine a pizza cut into 48 slices. If you ate 47 of those slices, you'd have consumed 97.92% of the entire pizza. That's a lot of pizza! You'd only have one small slice left. This fraction is often used in situations where something is almost, but not quite, complete or full.
