I have taken two nitrox courses and teach one the two. The formula is on the exam for each one.
Do students memorize it? I doubt that many do. As has been pointed out, the MOD is readily available to people, either on a chart or on a computer screen. With the answer to a question staring them in the face, not too many people are going to do the math to check, especially if it is the 80th time using EAN 32.
From the quoted response of the poster that spurred this thread, I assume he was just making a joke and felt no need to do any real calculations to make sure his joke was mathematically correct.
As for practices around the world, I have dived with nitrox in quite a few places, and I have seen a very wide range of practices. In a large percentage of the dives I have done in resort areas, divers tested their tanks while setting up my gear and preparing to enter the water, and no one slaps a tag on the tank at that point.
When I am diving locally on nitrox with friends, we blend our own using partial pressure, and we absolutely do use stickers with the % and MOD in big letters.