48/99 as a percentage is 48.48%. This is the rounded value you get when you change the fraction to a percent with two decimal places.
The fraction 48/99 can be simplified only a little, because 48 and 99 share a factor of 3. Dividing both numbers by 3 gives 16/33, which is still an uncommon fraction but shows the same value.
When you write 48/99 as a decimal, it repeats: 0.484848… The repeating pattern “48” makes it easy to see why the percentage ends in .48 when rounded.
Knowing the percentage helps when you compare this fraction to other numbers, such as test scores or discounts. A value of about 48.48% means it is just under half of a whole.