-93.15% is the change from 701 to 48
Calculation steps:
[( 48 - 701 ) ÷ 701] x 100 = -93.15%
Formula
Percentage change = [(48 - 701) / 701] x 100
Subtract the new number by the original number
48 - 701 = -653
-653 ÷ 701 = -0.9315263908701854
-0.9315263908701854 x 100 = -93.15%