-12.5% is the change from 112 to 98
Calculation steps:
[( 98 - 112 ) ÷ 112] x 100 = -12.5%
Formula
Percentage change = [(98 - 112) / 112] x 100
Subtract the new number by the original number
98 - 112 = -14
-14 ÷ 112 = -0.125
-0.125 x 100 = -12.5%
Example