The boss is acting as an elixir, it would stack with an elixir. Consider the example.
You kill 50 mobs to get to the boss and get 2 experience points each, so you gain your normal 100 experience. But you ALSO bank 25 experience, since that is 25%. When you kill the boss, you get that 25 experience. IF you had a 50% elixir, you would have gotten 150 experience, so you have banked 37.5 experience. You would then get that 37.5 experience when you kill the boss.
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