The fraction 5/48 is equal to 10.42% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents just over one-tenth of a whole, or about 1 part in 10. It's a relatively low percentage, less than one-eighth (12.5%) but more than one-twelfth (8.33%).
In everyday situations, you might encounter 5/48 or 10.42% in various contexts. For example, it could represent the chance of a specific outcome in a game or the portion of a group that meets certain criteria. While not a common fraction in daily life, understanding its percentage equivalent can be useful for quick mental calculations or estimations when dealing with similar values.