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Brothers, I have a question about Magic find percentages!

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So, I have 500% increased chance to gain magic items. 

Originally Posted by FrostElfGuard on the Official Sacred Forum
The base chance of set drop is 8/1000, or .8%. (Unique drop chance: 1/1000, or .1% chance) SO... HOW IS THIS CALCULATED? 

If default is 0.8% aka 8/1000, does that mean  8 x 500 / 100 = 40 ( 5 times 8 equals 40) then 40 + 8 / 1000 x 100 = 4.8% to get a set item? 

Of course this is by not calculating survival bonus? 


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