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Default specific percentage formula

I'm looking for a way to create a formula that shows that if any percentage
over 10% shows up red. Any other results below 10% stay black. Currently i
have a sheet that does this but for some reason in the format box it only
shows percentage with no special instructions. I then looked into the custom
and found no formula but that sheet that i have is doing it for some reason
and i want to understand it.
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Etourneaul 28
 
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