-52.54% is the change from 118 to 56
Calculation steps:
[( 56 - 118 ) ÷ 118] x 100 = -52.54%
Formula
Percentage change = [(56 - 118) / 118] x 100
Subtract the new number by the original number
56 - 118 = -62
-62 ÷ 118 = -0.5254237288135594
-0.5254237288135594 x 100 = -52.54%