The fraction 48/55 is equal to 87.27% when converted to a percentage and rounded to two decimal places. This means that 48 out of 55 parts represent about 87% of the whole. It's a fairly high percentage, showing that the fraction is close to being a complete whole.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 48 out of 55 students in a class passed an exam, you could say that 87.27% of the class succeeded. Similarly, if a basketball player made 48 out of 55 free throw attempts in a season, their free throw percentage would be 87.27%. This percentage indicates a high level of accuracy or success in these scenarios.