The fraction 48/75 is equal to 64.00% when converted to a percentage and rounded to two decimal places. This percentage represents how much of a whole the fraction represents. In other words, if you had 75 items and took 48 of them, you'd have 64% of the total.
When dealing with fractions and percentages, it's often helpful to think about real-world examples. For instance, if a student answered 48 questions correctly out of 75 total questions on a test, they would have scored 64% on that test. This shows how fractions like 48/75 can be used to express parts of a whole in various situations, from academic performance to financial calculations.