-8.3% is the change from 554 to 508
Calculation steps:
[( 508 - 554 ) ÷ 554] x 100 = -8.3%
Formula
Percentage change = [(508 - 554) / 554] x 100
Subtract the new number by the original number
508 - 554 = -46
-46 ÷ 554 = -0.08303249097472924
-0.08303249097472924 x 100 = -8.3%