-16.6% is the change from 723 to 603
Calculation steps:
[( 603 - 723 ) ÷ 723] x 100 = -16.6%
Formula
Percentage change = [(603 - 723) / 723] x 100
Subtract the new number by the original number
603 - 723 = -120
-120 ÷ 723 = -0.16597510373443983
-0.16597510373443983 x 100 = -16.6%