-97.79% is the change from 723 to 16
Calculation steps:
[( 16 - 723 ) ÷ 723] x 100 = -97.79%
Formula
Percentage change = [(16 - 723) / 723] x 100
Subtract the new number by the original number
16 - 723 = -707
-707 ÷ 723 = -0.9778699861687413
-0.9778699861687413 x 100 = -97.79%