4700% is the change from 1 to 48
Calculation steps:
[( 48 - 1 ) ÷ 1] x 100 = 4700%
Formula
Percentage change = [(48 - 1) / 1] x 100
Subtract the new number by the original number
48 - 1 = 47
47 ÷ 1 = 47
47 x 100 = 4700%
Example