-14.5% is the change from 407 to 348
Calculation steps:
[( 348 - 407 ) ÷ 407] x 100 = -14.5%
Formula
Percentage change = [(348 - 407) / 407] x 100
Subtract the new number by the original number
348 - 407 = -59
-59 ÷ 407 = -0.14496314496314497
-0.14496314496314497 x 100 = -14.5%