47/98 as a percentage is 47.96%. This value tells you that the fraction is just under half of a whole.
The fraction 47/98 can be thought of as 47 parts out of 98 equal parts. Because the numerator is a little less than half of the denominator, the percentage is also a little below 50 %.
When you see 47.96% on a chart or a report, you know it represents the same amount as the fraction 47/98. It’s a handy way to compare this part of a whole with other percentages that might be given in the same data set.