Quantitative Aptitude Profit and Loss Discount and MP

The marked price of mustard oil is 10% more than its cost price. At what percentage less than the marked price should it be sold to have no profit and no loss? 

1
\(9\frac{3}{11}\%\)
2
\(9\frac{2}{11}\%\)
3
\(9\frac{1}{11}\%\)
4
\(9\frac{4}{11}\%\)

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