-53.33% is the change from 120 to 56
Calculation steps:
[( 56 - 120 ) ÷ 120] x 100 = -53.33%
Formula
Percentage change = [(56 - 120) / 120] x 100
Subtract the new number by the original number
56 - 120 = -64
-64 ÷ 120 = -0.5333333333333333
-0.5333333333333333 x 100 = -53.33%