-97.92% is the change from 48 to 1
Calculation steps:
[( 1 - 48 ) ÷ 48] x 100 = -97.92%
Formula
Percentage change = [(1 - 48) / 48] x 100
Subtract the new number by the original number
1 - 48 = -47
-47 ÷ 48 = -0.9791666666666666
-0.9791666666666666 x 100 = -97.92%