-39.8% is the change from 196 to 118
Calculation steps:
[( 118 - 196 ) ÷ 196] x 100 = -39.8%
Formula
Percentage change = [(118 - 196) / 196] x 100
Subtract the new number by the original number
118 - 196 = -78
-78 ÷ 196 = -0.3979591836734694
-0.3979591836734694 x 100 = -39.8%