Incorrect
Explanation
Answer (Method 1): 160 to 116 is a decrease of 44. Compared to yesterday's value: 44/160 = 0.275 = 27.5% decrease. Answer (Method 2): Compare today's value with yesterday's value: 116/160 = 0.725 = 72.5%, so the new value is 72.5% of the old value.
Subtract 100% and you get -27.5%, or a 27.5% decrease.
Solve this puzzle
What was the date on the newspaper that George Bailey was giving out in It's a Wonderful Life showing his brother Harry getting the Congressional Medal?