Draw down question. Relative or absolute?

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Hi.
Most prop firms have this 10 % overall draw down rule (not talking about the 5 % per day rule).

100 k account:

Lets say i made profits, and the balance after a few weeks is 110 k.
Is the 10 % draw down refering to the 100 k starting capital, e.g. i loose account when i drop below 90 l.
Or does it now refer to the 110 k and i loose my account when i drop below 99 k (10 % draw down of 110k)
?
Thank you
 
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