Talk:Magic penetration/@comment-99.65.177.113-20130129034630/@comment-67.175.251.254-20130211191905

Not quite, Flat reduction is still before percent reduction according to http://na.leagueoflegends.com/board/showthread.php?p=32707861#32707861. So it's Flat Reduction > Percent Reduction > Percent Penetration > Flat Penetration.