-8.94% is the change from 123 to 112
Calculation steps:
[( 112 - 123 ) ÷ 123] x 100 = -8.94%
Formula
Percentage change = [(112 - 123) / 123] x 100
Subtract the new number by the original number
112 - 123 = -11
-11 ÷ 123 = -0.08943089430894309
-0.08943089430894309 x 100 = -8.94%