-23.58% is the change from 704 to 538
Calculation steps:
[( 538 - 704 ) ÷ 704] x 100 = -23.58%
Formula
Percentage change = [(538 - 704) / 704] x 100
Subtract the new number by the original number
538 - 704 = -166
-166 ÷ 704 = -0.23579545454545456
-0.23579545454545456 x 100 = -23.58%