-28.25% is the change from 701 to 503
Calculation steps:
[( 503 - 701 ) ÷ 701] x 100 = -28.25%
Formula
Percentage change = [(503 - 701) / 701] x 100
Subtract the new number by the original number
503 - 701 = -198
-198 ÷ 701 = -0.28245363766048504
-0.28245363766048504 x 100 = -28.25%