The fraction 48/73 is equal to 65.75% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents how much of the whole (73) is taken up by the part (48). It's a way to express the fraction as parts per hundred, making it easier to understand and compare with other values.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 48 out of 73 students in a class passed a test, you could say that 65.75% of the class succeeded. This percentage gives a quick and clear picture of the proportion, allowing for easy comparison with other classes or test results.