The formula
Fraction to replace = (current − target) ÷ (current − fill water). If the fill water already contains some of what you are trying to lower, such as calcium in hard tap water, you need to replace more, and you can never get below the fill water’s level.
Two smaller drains or one big one
Two partial drains reach the same target with a little more water in total, but each is safer for the pool. Draining with a hose running at the same time (overflow) wastes the most water, because fresh water mixes with old water before it leaves.