How to calculate percentage reduction from insurance premium change?

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The insurance premium dropped from $ to $ .
By what percentage was it reduced?

Type of calculation: Calculating percentage change (decrease).
Calculator usage: Use the Percentage Change CALCULATOR ("What is the percentage change from the Original value to the New value?"). Enter the original premium as "Original" (600) and the new premium as "New" (540). The calculator will show the percentage decrease.
Explanation using a formula:
We are looking for the percentage change from $600 to $540.
Percentage change = (($540 - $600) / $600) × 100% = ($-60 / $600) × 100% = -0.1 × 100% = -10% (the minus sign indicates a decrease)
Incomplete data. Enter all required values to see the calculations.

Answer: The premium was reduced by %.

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