How the maximum amount of memory is calculated in terms of ResourceLimits.LimitMemory

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Consider a scenario when the library is used in an application hosted in a K8s container with a memory limit of 1GB. Dotnet also has a memory limit controlled by COMPlus_GCHeapHardLimitPercent, say 90%. So the question is, by setting ResourceLimits.LimitMemory(new Percentage(30)), would I limit the memory to 1GB * 0.3 = 300MB or 1GB * 0.9 * 0.3 = 270MB, or something else?