The fraction 48/54 is equal to 88.89% when converted to a percentage and rounded to two decimal places. This means that 48 out of 54 parts represent nearly 89% of the whole. It's a fairly high percentage, showing that a significant portion is being represented.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 48 out of 54 students passed a test, you could say that 88.89% of the class succeeded. This percentage gives a quick and easy-to-understand measure of how much of something is being accounted for or how often something occurs out of a total number of possibilities.