-1.1% is the change from 724 to 716
Calculation steps:
[( 716 - 724 ) ÷ 724] x 100 = -1.1%
Formula
Percentage change = [(716 - 724) / 724] x 100
Subtract the new number by the original number
716 - 724 = -8
-8 ÷ 724 = -0.011049723756906077
-0.011049723756906077 x 100 = -1.1%