-4.09% is the change from 538 to 516
Calculation steps:
[( 516 - 538 ) ÷ 538] x 100 = -4.09%
Formula
Percentage change = [(516 - 538) / 538] x 100
Subtract the new number by the original number
516 - 538 = -22
-22 ÷ 538 = -0.040892193308550186
-0.040892193308550186 x 100 = -4.09%