-97.71% is the change from 700 to 16
Calculation steps:
[( 16 - 700 ) ÷ 700] x 100 = -97.71%
Formula
Percentage change = [(16 - 700) / 700] x 100
Subtract the new number by the original number
16 - 700 = -684
-684 ÷ 700 = -0.9771428571428571
-0.9771428571428571 x 100 = -97.71%