-7.69% is the change from 52 to 48
Calculation steps:
[( 48 - 52 ) ÷ 52] x 100 = -7.69%
Formula
Percentage change = [(48 - 52) / 52] x 100
Subtract the new number by the original number
48 - 52 = -4
-4 ÷ 52 = -0.07692307692307693
-0.07692307692307693 x 100 = -7.69%