-93.23% is the change from 709 to 48
Calculation steps:
[( 48 - 709 ) ÷ 709] x 100 = -93.23%
Formula
Percentage change = [(48 - 709) / 709] x 100
Subtract the new number by the original number
48 - 709 = -661
-661 ÷ 709 = -0.9322990126939351
-0.9322990126939351 x 100 = -93.23%