-7.56% is the change from 701 to 648
Calculation steps:
[( 648 - 701 ) ÷ 701] x 100 = -7.56%
Formula
Percentage change = [(648 - 701) / 701] x 100
Subtract the new number by the original number
648 - 701 = -53
-53 ÷ 701 = -0.07560627674750357
-0.07560627674750357 x 100 = -7.56%