In 2008, the profits of Company N were 10 percent of revenues. In 2009, the revenues of Company N fell by 20 percent, but profits were 11 percent of revenues. The profits in 2009 were what percent of the profits in 2008?  Choose the correct choice from the following answers:
A) 80 % B) 105 % C) 88 % D) 124.2 % E) 138 %

Rationale: "x = profits r = revenue x / r = 0,1 x = 10 r = 100 2009 : r = 80 x / 80 = 0,11 = 11 / 100 x = 80 * 11 / 100 x = 8.8 8.8 / 10 = 0.88 = 88 % , answer c"
Answer: C