-97.37% is the change from 38 to 1
Calculation steps:
[( 1 - 38 ) ÷ 38] x 100 = -97.37%
Formula
Percentage change = [(1 - 38) / 38] x 100
Subtract the new number by the original number
1 - 38 = -37
-37 ÷ 38 = -0.9736842105263158
-0.9736842105263158 x 100 = -97.37%