Nope, you still got it wrong.
Think of it this way.. 8 bits = 1 byte.
10 Mbps (Megabits per second, or just Megabis) = 10000 Kbps (Kilobits per second) Kilo meaning 1000. Gotta use math here!
So, 10000 / 8 = 1,250. 1,250 should now then be divided by 1024, because 1024 Kilobytes (KB) = 1 Megabyte (MB).
1,250/1024 = 1.22. So, you should be downloading at 1.22 Megabytes per second or 1.22 MBps.
8K or 10K Kbps means you are hitting your 10 Mbps limit, which is what you are rated for. Your connection is fine.