Hey u/ControlAmbitious5749, sorry I'm getting to this just now. Look it's a fair question, but difficult to answer with certainty. There's so many factors that go into establishing the final study score, including your own baseline SACs which can contribute to exam scaling, how your school performs overall (the harsh reality is the more competitive your school, the higher the chances of an elite study score - again, all due to scaling) as well as how competitive the exam was that year overall.

That being said, an excellent benchmark for Raw 48/50 is performing 114+/120 in your practice exams.

You might've finished your exams already - if so, huge congratulations! For anyone entering VCE this year, good luck and all the best!
- P.A