The fraction 48/70 is equal to 68.57% when converted to a percentage and rounded to two decimal places. This means that 48 out of 70 parts represent about 69% of the whole. It's a bit more than two-thirds, which would be exactly 66.67%.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 48 out of 70 students passed a test, you could say the pass rate was 68.57%. Or if you completed 48 pages of a 70-page book, you'd be about 68.57% done with your reading. This percentage is useful for quickly understanding how much of something is being represented by the fraction.