The fraction 48/86 is equal to 55.81% when converted to a percentage and rounded to two decimal places. This means that if you had 86 items and selected 48 of them, you'd have chosen about 55.81% of the total. It's a bit more than half, so you can think of it as slightly over 50% or a little more than one-half.
In everyday situations, you might encounter this fraction or percentage when dealing with things like test scores, survey results, or even cooking measurements. For example, if 48 out of 86 people surveyed preferred a certain product, you could say that 55.81% of the group liked it. This percentage gives a clearer picture of the proportion compared to just using the fraction alone.