10.81% is the change from 111 to 123
Calculation steps:
[( 123 - 111 ) ÷ 111] x 100 = 10.81%
Formula
Percentage change = [(123 - 111) / 111] x 100
Subtract the new number by the original number
123 - 111 = 12
12 ÷ 111 = 0.10810810810810811
0.10810810810810811 x 100 = 10.81%