I used a calculator spreadsheet, and my answer was 6.1 volts dropped. That is about 3% of 240 volts. But my calculator is not smart enough to know that aluminum is sometimes used. It only knows the formula for copper conductors. That will probably account for my answer being lower than yours, and confirms that you are at least in the right ball park. Where did you get the value of 0.1 for your approach? I don't have the K numbers handy for aluminum conductors.
Please note that your 10 volts is not 5% of 200 amps. You need to relate the VD to the system voltage, which you did not give, but which I presume is 240 volts.