-47.46% is the change from 118 to 62
Calculation steps:
[( 62 - 118 ) ÷ 118] x 100 = -47.46%
Formula
Percentage change = [(62 - 118) / 118] x 100
Subtract the new number by the original number
62 - 118 = -56
-56 ÷ 118 = -0.4745762711864407
-0.4745762711864407 x 100 = -47.46%