-97.28% is the change from 588 to 16
Calculation steps:
[( 16 - 588 ) ÷ 588] x 100 = -97.28%
Formula
Percentage change = [(16 - 588) / 588] x 100
Subtract the new number by the original number
16 - 588 = -572
-572 ÷ 588 = -0.9727891156462585
-0.9727891156462585 x 100 = -97.28%