-94.89% is the change from 940 to 48
Calculation steps:
[( 48 - 940 ) ÷ 940] x 100 = -94.89%
Formula
Percentage change = [(48 - 940) / 940] x 100
Subtract the new number by the original number
48 - 940 = -892
-892 ÷ 940 = -0.948936170212766
-0.948936170212766 x 100 = -94.89%