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Something measuring 48 feet by 40 feet by 57 feet will have a volume of 48 x 40 x 57 = 109440 cubic feet.
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Firstly, there is no indication as to what units are used for 72 x 48. 72 inches x 48 inches or 72 miles x 48 miles or whatever. Second, it looks like they are a measure of an area. In that case, there are no feet in an area since a foot is a linear measure, not a measure of an area.
48 + 40% = 48 x (1 + (40/100)) = 48 x 1.4 = 67.2
40inch = 3.33 foot 48 inch = 4 foot so 4 x 4 x 3.33 = 53.328 or 53 and a third cubic feet - as you have three measurements it needs to be in cubic feet either that or the pallet square footage is based only on 40 x 48 3.33 x 4 = 13.32 square feet