-98.18% is the change from 55 to 1
Calculation steps:
[( 1 - 55 ) ÷ 55] x 100 = -98.18%
Formula
Percentage change = [(1 - 55) / 55] x 100
Subtract the new number by the original number
1 - 55 = -54
-54 ÷ 55 = -0.9818181818181818
-0.9818181818181818 x 100 = -98.18%