-26.04% is the change from 265 to 196
Calculation steps:
[( 196 - 265 ) ÷ 265] x 100 = -26.04%
Formula
Percentage change = [(196 - 265) / 265] x 100
Subtract the new number by the original number
196 - 265 = -69
-69 ÷ 265 = -0.26037735849056604
-0.26037735849056604 x 100 = -26.04%