An object 8 inches by 4 inches won't dilate down to 2.25 inches by 1 inch.
Because, to reduce 4 inches down to 1 inch, divide by 4; however, if you divide 8 inches by 4, you get 2 inches, not 2.25 inches.
Thus, you can't use just one scale factor in both directions.
To reduce 8 inches down to 2.25 inches, you need a scale factor of 2.25 / 8 or 0.28125.
To reduce 4 inches down to 1 inch, you need a scale factor of 1 / 4 = 0.25.
To calculate percent decrease: divide the amount of decrease by the original amount:
For the 8 inches down to 2.25 inches, the amount of decrease is 8 inches - 2.25 inches = 5.75 inches.
Now, divide this amount by the original amount: 5.75 inches / 8 inches = 0.71875 or 71.875%
The percent in the other direction can be calculated in the same way.