The fraction 47/98 is equal to 47.96% when converted to a percentage and rounded to two decimal places. This means that if you had 98 equal parts of something and took 47 of those parts, you'd have about 48% of the whole. It's a bit less than half, but pretty close.
In everyday situations, you might see this kind of fraction used for things like test scores or sales figures. For example, if a student got 47 questions right out of 98 total questions on a test, their score would be about 48%. Or if a store sold 47 items out of 98 in stock, they'd have sold around 48% of their inventory. It's a handy way to understand parts of a whole in terms that are easier to grasp quickly.
