-53.4% is the change from 103 to 48
Calculation steps:
[( 48 - 103 ) ÷ 103] x 100 = -53.4%
Formula
Percentage change = [(48 - 103) / 103] x 100
Subtract the new number by the original number
48 - 103 = -55
-55 ÷ 103 = -0.5339805825242718
-0.5339805825242718 x 100 = -53.4%