5.08% is the change from 118 to 124
Calculation steps:
[( 124 - 118 ) ÷ 118] x 100 = 5.08%
Formula
Percentage change = [(124 - 118) / 118] x 100
Subtract the new number by the original number
124 - 118 = 6
6 ÷ 118 = 0.05084745762711865
0.05084745762711865 x 100 = 5.08%