-45.45% is the change from 88 to 48
Calculation steps:
[( 48 - 88 ) ÷ 88] x 100 = -45.45%
Formula
Percentage change = [(48 - 88) / 88] x 100
Subtract the new number by the original number
48 - 88 = -40
-40 ÷ 88 = -0.45454545454545453
-0.45454545454545453 x 100 = -45.45%