-48.21% is the change from 865 to 448
Calculation steps:
[( 448 - 865 ) ÷ 865] x 100 = -48.21%
Formula
Percentage change = [(448 - 865) / 865] x 100
Subtract the new number by the original number
448 - 865 = -417
-417 ÷ 865 = -0.4820809248554913
-0.4820809248554913 x 100 = -48.21%