The fraction 48/98 is equal to 48.98% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents how much of a whole the fraction represents. In other words, if you had 98 items and took 48 of them, you'd have about 48.98% of the total.
To put this in perspective, 48.98% is just slightly less than half. It's pretty close to 50%, which would be exactly half. This means that 48/98 represents a little bit less than half of something. In everyday situations, you might see this kind of percentage used to describe things like test scores, sales discounts, or the chance of something happening.
