How Does Loot Bonus Effect Drop Rate? (mythics)

So if I had, per say, 200% loot bonus, how would this effect a mythic drop rate chance? Would it increase the base drop rate (is there one?) by 100%?

 

You will get more total items so naturally you will also get more mythics

 

Base = 100%

loot bonus, 100% = base + 100% (twice as likely)
Loot bonus 200% = base + 200% (thrice as likely)

Etc,etc

Might work differently but that's how it basically works

 

But mathematically do you know how it works?

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Okay, this makes more sense. Thanks for the response :)

 

Loot bonus dosent affect the rarity of item tiers either, you'll get more items but the chance of it being a specific tier will stay the same

 

Right, so the only thing that's effected is the quantity of items?

 

Correct.