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How would you tell if you're at 75%?
Go to your gear screen, hit right bumper to go to stats screen. Scroll down, or hit right I the d pad 4 times, to get to the 'survivability' section. There will be a stat for armor that will say XX.XX% damage mitigation. You ideally want it to be 75%.
Someone on Reddit did the math awhile back, but the amount of stamina you'd need to compensate for each % below 75% armor is ridiculous. 75 is the max that you can get (before v1.2 it was 65%).
At full armor, enemies will only do 25% of their potential damage to you (which is still a freaking lot bc they made all the enemies way overpowered).