-60.17% is the change from 118 to 47
Calculation steps:
[( 47 - 118 ) ÷ 118] x 100 = -60.17%
Formula
Percentage change = [(47 - 118) / 118] x 100
Subtract the new number by the original number
47 - 118 = -71
-71 ÷ 118 = -0.6016949152542372
-0.6016949152542372 x 100 = -60.17%