-56.91% is the change from 123 to 53
Calculation steps:
[( 53 - 123 ) ÷ 123] x 100 = -56.91%
Formula
Percentage change = [(53 - 123) / 123] x 100
Subtract the new number by the original number
53 - 123 = -70
-70 ÷ 123 = -0.5691056910569106
-0.5691056910569106 x 100 = -56.91%