-94.29% is the change from 701 to 40
Calculation steps:
[( 40 - 701 ) ÷ 701] x 100 = -94.29%
Formula
Percentage change = [(40 - 701) / 701] x 100
Subtract the new number by the original number
40 - 701 = -661
-661 ÷ 701 = -0.9429386590584878
-0.9429386590584878 x 100 = -94.29%