The change is
80 - 70 = $10 less
To find the percentage change, we divide the change by the original. So,
10/80 = 1/8
In decimal, it is 0.125
To get percentage, we multiply the decimal by 100 and tag along a '%' sign.
0.125 * 100 = 12.5%
The percent change is
12.5% decrease