-40.85% is the change from 448 to 265
Calculation steps:
[( 265 - 448 ) ÷ 448] x 100 = -40.85%
Formula
Percentage change = [(265 - 448) / 448] x 100
Subtract the new number by the original number
265 - 448 = -183
-183 ÷ 448 = -0.40848214285714285
-0.40848214285714285 x 100 = -40.85%