The fraction 48/59 is equal to 81.36% when converted to a percentage and rounded to two decimal places. This means that if you were to divide something into 59 parts and take 48 of those parts, you'd have about 81% of the whole. It's a bit more than three-quarters but not quite as much as four-fifths.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 48 out of 59 students in a class passed a test, you could say that 81.36% of the class succeeded. Or if a sports team won 48 games out of a 59-game season, their winning percentage would be 81.36%. This percentage represents a pretty high success rate in many scenarios.