Ur right, its not a direct 40%. Its part of a more complicated equation. But I'm gonna try and post the link because I don't trust my memory right now.
English
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I can tell you the damage is more based on the level of your guns and armor (their rating is 267/300) rather than your light level. But that's all I remember.
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If you want to look for it before I can it was in the destinythegame subreddit on reddit
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pls post when found, thx
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Alright, thanks.