Based on your calculation (and you can simplify this with 10000000), you would take your normal rate * .125 * 1.5. That would get:
10000000 * .125 * 1.5 = 1875000
Excess burst is 2 * normal burst:
1875000 * 2 = 3750000
So, you would put:
rate-limit input 10000000 1875000 3750000 conform transmit exceed drop
rate-limit output 10000000 1875000 3750000 conform transmit exceed drop
From the Cisco doc:
Burst size—Also called the Committed Burst (Bc) size, it specifies in bits (or bytes) per burst how much traffic can be sent within a given unit of time to not create scheduling concerns. (For a shaper, such as GTS, it specifies bits per burst; for a policer, such as CAR, it specifies bytes per burst.)
When extended burst is configured and this scenario occurs, the flow is allowed to borrow the needed tokens to allow the packet to be sent. This capability exists so as to avoid tail-drop behavior, and, instead, engage behavior like that of Random Early Detection (RED).
(Pdf copy at the bottom)
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