Go here
eJuice Recipe Calculator and punch in your numbers and it will tell you. Roughly we can look at like this a 1:1 Mix will cut 48 to 24, a 2:1 mix cuts it down to 12.
Judging by your numbers I would think your somewhere around 6mg. You say you used 40 drops of 48 cut with 80 drops of vg or a 2:1 cut right there which puts it at 12mg, add in the 20 drops of flavor and you cut it further to around 6mg is my best guess without being there.
I took the time to punch in some numbers they are not exact since I had to work backwards with no idea the flavor % you used. This is what it came out with:
ejuice Recipe Calculator
User Input
Nicotine Base 48 mg/ml
Target Nicotine Level 6 mg/ml
Amount to Create 6 ml
Water Added (optional) 0 %
Flavor Percent 20%
Recipe
ingredient ml drops* % of total
PG or VG with nicotine 0.5 ml 16 drops 12.5%
PG or VG (no nicotine) 2.7 ml 80 drops 67.5%
Water 0.0 ml 0 drops 0.0%
Flavoring(s) 0.8 ml 24 drops 20.0%
*Drops are an estimation. 20 drops of water from a dropper equals approximately 1ml.