The fraction 48/53 is equal to 90.57% when converted to a percentage and rounded to two decimal places. This means that if you had 53 equal parts of something and took 48 of those parts, you'd have about 90.57% of the whole. It's a pretty high percentage, showing that 48/53 represents a large portion of the total.
To put this in perspective, 90.57% is close to 91%, which is just over 9/10ths of the whole. So if you're dealing with 48 out of 53 items, you've got most of them - only 5 are missing from the full set. This fraction could come up in various real-world situations, like test scores, survey results, or even in cooking when you're working with ingredients.