the lack of a multiplication sign gives the multiplication higher precedence over the divide operator. this is the ONLY reason the multiplication has higher precedence over divide... none of this PEMDAS BS! divide and multiply have the same priority, its just left to right, except in the case where the multiplication is done here, with at least one of the operands starting with a non digit ( parenthesis or variable) and no multiplication sign between them.
the trick is... what does the '/' symbol mean? is it "48 divided by 2(9+3)" or "the fraction 48/2 by (9+3)"
the problem is, for it to be the last one, you usually have to express the fraction with a horizontal bar and the numerator directly over the top of the denominator. unfortunately, there is no real way to do this with a keyboard... so it can get ambiguous, and both answers could be right.
on my graphics calculator, it has two symbols, for both expressing a fraction, and a divide operator... but the classic '2 dots with a horizontal bar between them' symbol, and the default symbol, is the DIVIDE operator, the operator for expressing a fraction is a secondary option.
as such, I'm inclined to view the '/' as a divide operator.
so the answer is 2