-93.18% is the change from 704 to 48
Calculation steps:
[( 48 - 704 ) ÷ 704] x 100 = -93.18%
Formula
Percentage change = [(48 - 704) / 704] x 100
Subtract the new number by the original number
48 - 704 = -656
-656 ÷ 704 = -0.9318181818181818
-0.9318181818181818 x 100 = -93.18%