-26.25% is the change from 160 to 118
Calculation steps:
[( 118 - 160 ) ÷ 160] x 100 = -26.25%
Formula
Percentage change = [(118 - 160) / 160] x 100
Subtract the new number by the original number
118 - 160 = -42
-42 ÷ 160 = -0.2625
-0.2625 x 100 = -26.25%