-77.08% is the change from 48 to 11
Calculation steps:
[( 11 - 48 ) ÷ 48] x 100 = -77.08%
Formula
Percentage change = [(11 - 48) / 48] x 100
Subtract the new number by the original number
11 - 48 = -37
-37 ÷ 48 = -0.7708333333333334
-0.7708333333333334 x 100 = -77.08%