-12.71% is the change from 118 to 103
Calculation steps:
[( 103 - 118 ) ÷ 118] x 100 = -12.71%
Formula
Percentage change = [(103 - 118) / 118] x 100
Subtract the new number by the original number
103 - 118 = -15
-15 ÷ 118 = -0.1271186440677966
-0.1271186440677966 x 100 = -12.71%