-41.8% is the change from 701 to 408
Calculation steps:
[( 408 - 701 ) ÷ 701] x 100 = -41.8%
Formula
Percentage change = [(408 - 701) / 701] x 100
Subtract the new number by the original number
408 - 701 = -293
-293 ÷ 701 = -0.41797432239657634
-0.41797432239657634 x 100 = -41.8%