-55.56% is the change from 108 to 48
Calculation steps:
[( 48 - 108 ) ÷ 108] x 100 = -55.56%
Formula
Percentage change = [(48 - 108) / 108] x 100
Subtract the new number by the original number
48 - 108 = -60
-60 ÷ 108 = -0.5555555555555556
-0.5555555555555556 x 100 = -55.56%