The fraction 48/74 is equal to 64.86% when converted to a percentage and rounded to two decimal places. This means that 48 out of 74 parts represent about 65% of the whole. It's a bit more than half, but not quite two-thirds.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 48 out of 74 students passed a test, you could say the pass rate was 64.86%. Or if a basketball player made 48 out of 74 free throw attempts in a season, their free throw percentage would be 64.86%. This percentage gives a quick and easy way to understand the proportion or ratio represented by the fraction 48/74.