22.4% is the change from 500 to 612
Calculation steps:
[( 612 - 500 ) ÷ 500] x 100 = 22.4%
Formula
Percentage change = [(612 - 500) / 500] x 100
Subtract the new number by the original number
612 - 500 = 112
112 ÷ 500 = 0.224
0.224 x 100 = 22.4%
Example