-6.9% is the change from 116 to 108
Calculation steps:
[( 108 - 116 ) ÷ 116] x 100 = -6.9%
Formula
Percentage change = [(108 - 116) / 116] x 100
Subtract the new number by the original number
108 - 116 = -8
-8 ÷ 116 = -0.06896551724137931
-0.06896551724137931 x 100 = -6.9%