The fraction 48/89 is equal to 53.93% when converted to a percentage and rounded to two decimal places. This means that if you were to divide something into 89 equal parts and take 48 of those parts, you'd have about 54% 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 89 students in a school passed a test, you could say that 53.93% of the students were successful. Or if a sports team won 48 games out of an 89-game season, their winning percentage would be 53.93%. This percentage is useful for comparing different fractions or understanding parts of a whole more easily.