47/96 as a percentage is 48.96%. This is the rounded figure you get when you turn the fraction into a percent with two decimal places.
The fraction 47/96 is a little less than one half, which is why its percent value is just under 50%. It’s useful when you need a quick sense of size without dealing with fractions.
When you see 48.96% in a report or a chart, you know it represents the same amount as the fraction 47 out of 96 parts. It’s a handy way to compare numbers that aren’t whole.