-49.48% is the change from 865 to 437
Calculation steps:
[( 437 - 865 ) ÷ 865] x 100 = -49.48%
Formula
Percentage change = [(437 - 865) / 865] x 100
Subtract the new number by the original number
437 - 865 = -428
-428 ÷ 865 = -0.49479768786127165
-0.49479768786127165 x 100 = -49.48%