-40.96% is the change from 188 to 111
Calculation steps:
[( 111 - 188 ) ÷ 188] x 100 = -40.96%
Formula
Percentage change = [(111 - 188) / 188] x 100
Subtract the new number by the original number
111 - 188 = -77
-77 ÷ 188 = -0.4095744680851064
-0.4095744680851064 x 100 = -40.96%