Iift 2010 Question 48
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IIFT 2010
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 = $$\dfrac{\dfrac{5741-
7784}{7784}\times 100}{3}$$ = $$-8.74$$ percent. Hence, option D is the correct answer.