-3.33% is the change from 120 to 116
Calculation steps:
[( 116 - 120 ) ÷ 120] x 100 = -3.33%
Formula
Percentage change = [(116 - 120) / 120] x 100
Subtract the new number by the original number
116 - 120 = -4
-4 ÷ 120 = -0.03333333333333333
-0.03333333333333333 x 100 = -3.33%