7.14% is the change from 112 to 120
Calculation steps:
[( 120 - 112 ) ÷ 112] x 100 = 7.14%
Formula
Percentage change = [(120 - 112) / 112] x 100
Subtract the new number by the original number
120 - 112 = 8
8 ÷ 112 = 0.07142857142857142
0.07142857142857142 x 100 = 7.14%