-23.4% is the change from 265 to 203
Calculation steps:
[( 203 - 265 ) ÷ 265] x 100 = -23.4%
Formula
Percentage change = [(203 - 265) / 265] x 100
Subtract the new number by the original number
203 - 265 = -62
-62 ÷ 265 = -0.2339622641509434
-0.2339622641509434 x 100 = -23.4%