-2.7% is the change from 111 to 108
Calculation steps:
[( 108 - 111 ) ÷ 111] x 100 = -2.7%
Formula
Percentage change = [(108 - 111) / 111] x 100
Subtract the new number by the original number
108 - 111 = -3
-3 ÷ 111 = -0.02702702702702703
-0.02702702702702703 x 100 = -2.7%