Hello aspirant,

Yes, a student with 47 percentage in graduation can also pursue MBA.

Although they may not be able to apply for prestigious institutions since CAT requires minimum 50% marks in graduation.

Still, there are many good colleges, one can apply via MAT and XAT.

You can find more about your eligibility for different BSchools using given link - 

https://bschool.careers360.com/pathfinder/

Hope this helps.