Lua Loot Chances

[necet]

How does the loot chances work?
Is it like:

9000 = drops pretty often
1000 = Doesn't drop often at all?

Or how is it? Please help.

 

[Fare]

500 = 0.5%
1000 = 1%
10000 = 10%
100000 = 100%

 

[Guitar Freak]

500 = 0.5%
1000 = 1%
10000 = 10%
100000 = 100%

Im wondering something, how does it affect those numbers the "Loot Chance" you set in config.lua?

Like if I have 3x loot chance, those % would turn into what?

1000 = 3%
10000 = 30%
34000 = 100%~?