-16.12% is the change from 701 to 588
Calculation steps:
[( 588 - 701 ) ÷ 701] x 100 = -16.12%
Formula
Percentage change = [(588 - 701) / 701] x 100
Subtract the new number by the original number
588 - 701 = -113
-113 ÷ 701 = -0.16119828815977175
-0.16119828815977175 x 100 = -16.12%