Indian Institute of Foreign Trade 2010 Solved Paper

The cost per square feet of the retail sector, in the year 2007 =2044+2464+1751+1525=7784
The cost per square feet of the retail sector, in the year 2010E=1396+2230+1064+1051=5741
Therefore, What is the average rate of change in the cost per square feet of the retail sector for the given period=‌‌

5741−7784

7784

×1003=−8.74 percent. Hence, option D is the correct answer