Magic Rate
Magic rate is a value used to determine the magic level of the item dropped by an enemy with the Drop Rate value as well.
Magic Rate follows the following formula:
magic chance = magic rate rare chance = magic rate * 0.1 legendary chance = magic rate * 0.01 normal chance = 1 - (magic rate * 1.11)
Example: You kill a monster: Minotaur ( Magic Rate = 0.45 ). The chances of drop are the following:
magic chance = 45% rare chance = 4.5% legendary chance = 0.45% normal chance = 51%
For the exact magic rate of every mob look at: List of All Monsters