-59.32% is the change from 118 to 48
Calculation steps:
[( 48 - 118 ) ÷ 118] x 100 = -59.32%
Formula
Percentage change = [(48 - 118) / 118] x 100
Subtract the new number by the original number
48 - 118 = -70
-70 ÷ 118 = -0.5932203389830508
-0.5932203389830508 x 100 = -59.32%