1.05% is the change from 475 to 480
Calculation steps:
[( 480 - 475 ) ÷ 475] x 100 = 1.05%
Formula
Percentage change = [(480 - 475) / 475] x 100
Subtract the new number by the original number
480 - 475 = 5
5 ÷ 475 = 0.010526315789473684
0.010526315789473684 x 100 = 1.05%