47/87 as a percentage is 54.02%. This number tells you how much of a whole 47 parts out of 87 represent, expressed in a way that's easy to compare with other percentages.
The fraction 47/87 is a bit more than half, so it makes sense that its percentage is a little above 50. When you see 54.02%, you can quickly understand that it is just over the midpoint of a 100‑point scale.
Because the percentage is rounded to two decimal places, the tiny fraction of a percent that’s left out doesn’t change the overall picture. In most everyday situations, saying 54.02% is clear enough to show the size of the part compared to the whole.