Here, A = -8%, B = 4%
According to the formula,
Net effect on volume = [2A + B + A2 + 2AB/100 + A2B/1002]%
= [2 x (-8) + 4 + (-8)2 + 2 x (-8) x 4 /100 + (-8)2 x 4 /1002]
= [-16 + 4 + 64 - 64/100 + 256/104]%
=[-12 + 0 + 0.0256]%
= -11.9744% (decrease)