-23.25% is the change from 701 to 538
Calculation steps:
[( 538 - 701 ) ÷ 701] x 100 = -23.25%
Formula
Percentage change = [(538 - 701) / 701] x 100
Subtract the new number by the original number
538 - 701 = -163
-163 ÷ 701 = -0.23252496433666192
-0.23252496433666192 x 100 = -23.25%