-12.5% is the change from 224 to 196
Calculation steps:
[( 196 - 224 ) ÷ 224] x 100 = -12.5%
Formula
Percentage change = [(196 - 224) / 224] x 100
Subtract the new number by the original number
196 - 224 = -28
-28 ÷ 224 = -0.125
-0.125 x 100 = -12.5%