One dollar is 100 cents, so 48 cents is 48/100, which reduces to 12/25.
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48%
48 as a fraction = 48/1
equivalent fraction of 16 over 48 = 8/24
48 percent as a fraction = Twelve twenty-fifths or 12/2548% = 48/100 or 12/25 in fraction
24/48 = 1/2