A punnett square is a tabular summary of the possible combinations of the paternal and maternal alleles and thus predicting the genotypes of the organisms in a breeding experiment.
A parakeet that is heterozygous dominant with blue feathers can be represented by the genotype Bb. A parakeet that is homozygous recessive with white feathers can be represented by the genotype bb. When a cross is made between these two, the percentage of offspring predicted to have blue feathers is 50%. It can be represented below-
Phenotype - Blue feathers x White feathers
Genotype - Bb x bb
Punnett square B b
b Bb bb
b Bb bb
Thus, the percentage of offspring with blue feathers is 50% with a genotype Bb.