-8.04% is the change from 112 to 103
Calculation steps:
[( 103 - 112 ) ÷ 112] x 100 = -8.04%
Formula
Percentage change = [(103 - 112) / 112] x 100
Subtract the new number by the original number
103 - 112 = -9
-9 ÷ 112 = -0.08035714285714286
-0.08035714285714286 x 100 = -8.04%