The fraction 48/65 is equal to 73.85% when converted to a percentage and rounded to two decimal places. This means that if you had 65 equal parts of something and took 48 of those parts, you'd have about 74% of the whole. It's a bit more than three-quarters but not quite three-fourths.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 48 out of 65 students in a class passed a test, you could say that 73.85% of the class succeeded. Or if you completed 48 pages of a 65-page book, you'd be roughly 74% done with your reading. This fraction and its percentage equivalent can be useful for quick estimations in daily life.