575 is halfway between 550 and 600.
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The halfway point between two numbers can be found by taking the average of the two numbers. In this case, the average of 550 and 600 is (550 + 600) / 2 = 575. Therefore, 575 is halfway between 550 and 600.
550
The number halfway between them is 600.
550 to 600 is an increase not a decrease. Anyway, the amount of the increase is 9.09091%. If you go from 600 to 550 it is an 8.33% decrease.
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550