P=k/x2 where k is a constant defines the relationship.
If x is increased by p% then its value becomes x+px/100. Let r=p/100, so x becomes x(1+r).
P becomes k/[x2(1+r)2] so if the original value of P is P0 and Pr is its new value after the increase, then:
Pr-P0 is the change in P=k/[x2(1+r)2]-k/x2,
Pr-P0=(k/x2)(1/(1+r)2-1)=P0(1-(1+r)2)/(1+r)2,
Pr-P0=P0(-r(2+r))/(1+r)2=-rP0(2+r)/(1+r)2, which is a decrease.
We can also write this in terms of p (the percentage increase in x):
Change in P=-pP0(2+p/100)/(1+p/100)2 so P decreases by a factor p(2+p/100)/(1+p/100)2% of its original value.
If p=100% then Pr=P1 and P1-P0=k/(4x2)-k/x2=-¾P0, a decrease of 75%.
If p=10%, r=0.1 and the change is -10(2.1)/1.21=-21/1.21=-17.355% or a decrease of about 17.355%.