-9.23% is the change from 130 to 118
Calculation steps:
[( 118 - 130 ) ÷ 130] x 100 = -9.23%
Formula
Percentage change = [(118 - 130) / 130] x 100
Subtract the new number by the original number
118 - 130 = -12
-12 ÷ 130 = -0.09230769230769231
-0.09230769230769231 x 100 = -9.23%