-52.08% is the change from 48 to 23
Calculation steps:
[( 23 - 48 ) ÷ 48] x 100 = -52.08%
Formula
Percentage change = [(23 - 48) / 48] x 100
Subtract the new number by the original number
23 - 48 = -25
-25 ÷ 48 = -0.5208333333333334
-0.5208333333333334 x 100 = -52.08%