-1.25% is the change from 960 to 948
Calculation steps:
[( 948 - 960 ) ÷ 960] x 100 = -1.25%
Formula
Percentage change = [(948 - 960) / 960] x 100
Subtract the new number by the original number
948 - 960 = -12
-12 ÷ 960 = -0.0125
-0.0125 x 100 = -1.25%