The fraction 48/75 is equal to 64.00% when converted to a percentage and rounded to two decimal places. This means that if you had 75 items and took 48 of them, you'd have 64% of the total. It's a bit more than half, but not quite two-thirds.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, sales discounts, or progress on a project. For example, if you completed 48 out of 75 tasks on your to-do list, you could say you're 64% done with your work. Understanding these equivalent forms can help you quickly grasp proportions and make comparisons in various contexts.