-93.37% is the change from 724 to 48
Calculation steps:
[( 48 - 724 ) ÷ 724] x 100 = -93.37%
Formula
Percentage change = [(48 - 724) / 724] x 100
Subtract the new number by the original number
48 - 724 = -676
-676 ÷ 724 = -0.9337016574585635
-0.9337016574585635 x 100 = -93.37%