The fraction 48/49 is equal to 97.96% when converted to a percentage and rounded to two decimal places. This means that 48/49 represents a value very close to, but slightly less than, 100%. It's a high percentage that indicates nearly all of something, with just a tiny bit missing.
To put this in perspective, if you had a pizza cut into 49 slices and ate 48 of them, you'd have consumed 97.96% of the whole pizza. Similarly, if you answered 48 out of 49 questions correctly on a test, you'd score a 97.96%. This fraction and its percentage equivalent are often used in statistics, probability, and other mathematical applications where precision is important.