-23.4% is the change from 701 to 537
Calculation steps:
[( 537 - 701 ) ÷ 701] x 100 = -23.4%
Formula
Percentage change = [(537 - 701) / 701] x 100
Subtract the new number by the original number
537 - 701 = -164
-164 ÷ 701 = -0.23395149786019973
-0.23395149786019973 x 100 = -23.4%