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\frac{4800}{9603}\times 100
Expand \frac{48}{96.03} by multiplying both numerator and the denominator by 100.
\frac{1600}{3201}\times 100
Reduce the fraction \frac{4800}{9603} to lowest terms by extracting and canceling out 3.
\frac{1600\times 100}{3201}
Express \frac{1600}{3201}\times 100 as a single fraction.
\frac{160000}{3201}
Multiply 1600 and 100 to get 160000.