-55.08% is the change from 118 to 53
Calculation steps:
[( 53 - 118 ) ÷ 118] x 100 = -55.08%
Formula
Percentage change = [(53 - 118) / 118] x 100
Subtract the new number by the original number
53 - 118 = -65
-65 ÷ 118 = -0.5508474576271186
-0.5508474576271186 x 100 = -55.08%