-31.25% is the change from 48 to 33
Calculation steps:
[( 33 - 48 ) ÷ 48] x 100 = -31.25%
Formula
Percentage change = [(33 - 48) / 48] x 100
Subtract the new number by the original number
33 - 48 = -15
-15 ÷ 48 = -0.3125
-0.3125 x 100 = -31.25%
Example