The fraction 48/62 is equal to 77.42% when converted to a percentage and rounded to two decimal places. This means that if you had 62 items and selected 48 of them, you'd have chosen about 77% of the total. It's a bit more than three-quarters but not quite four-fifths of the whole.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 48 out of 62 students passed a test, you could say the pass rate was 77.42%. Or if a basketball player made 48 out of 62 free throw attempts in a season, their free throw percentage would be 77.42%. This percentage is useful for comparing different fractions or understanding parts of a whole more easily.