-5.69% is the change from 123 to 116
Calculation steps:
[( 116 - 123 ) ÷ 123] x 100 = -5.69%
Formula
Percentage change = [(116 - 123) / 123] x 100
Subtract the new number by the original number
116 - 123 = -7
-7 ÷ 123 = -0.056910569105691054
-0.056910569105691054 x 100 = -5.69%