The fraction 48/87 is equal to 55.17% when converted to a percentage and rounded to two decimal places. This means that if you were to divide something into 87 equal parts and take 48 of those parts, you'd have about 55% of the whole. 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 in various contexts. For example, if 48 out of 87 students in a school passed a test, you could say that 55.17% of the students were successful. Or if a basketball player made 48 out of 87 free throw attempts in a season, their free throw percentage would be 55.17%. This percentage gives a quick and easy way to understand the proportion represented by the fraction 48/87.