Parenthesis always come first. Then left to right. Would people be confused if it was written like this? 48 ÷ 2 x (9+3)
So the answer is 288.
The problem is that the slash is somewhat ambiguous. As well as being a division symbol, it is a fraction symbol, so people are seeing it as:
48
2x(9+3)
But as I see it, that's an incorrect understanding.
http://en.wikipedia.org/wiki/Order_of_operations