-79.93% is the change from 588 to 118
Calculation steps:
[( 118 - 588 ) ÷ 588] x 100 = -79.93%
Formula
Percentage change = [(118 - 588) / 588] x 100
Subtract the new number by the original number
118 - 588 = -470
-470 ÷ 588 = -0.7993197278911565
-0.7993197278911565 x 100 = -79.93%