-3.04% is the change from 723 to 701
Calculation steps:
[( 701 - 723 ) ÷ 723] x 100 = -3.04%
Formula
Percentage change = [(701 - 723) / 723] x 100
Subtract the new number by the original number
701 - 723 = -22
-22 ÷ 723 = -0.030428769017980636
-0.030428769017980636 x 100 = -3.04%