Is \(x\%\) of \(x\%\) of \(y\) equal to \(x\%\) less than \(y?\)

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Is \(x\%\) of \(x\%\) of \(y\) equal to \(x\%\) less than \(y?\)

(1) \(x(x + 100) = 10,000\)
(2) \(y(y + 1) = 1\)

Answer: A

Source: Manhattan GMAT