The fraction 48/83 is equal to 57.83% when converted to a percentage and rounded to two decimal places. This means that if you had 83 items and took 48 of them, you'd have about 57.83% of the total. It's a bit more than half, but not quite as much as three-fifths.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, survey results, or even cooking measurements. For example, if 48 out of 83 people surveyed preferred a certain product, you could say that 57.83% of respondents liked it. This percentage gives a clearer picture of the proportion than the fraction alone, making it easier for most people to understand at a glance.