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With the way charisma works, It's 3.50 - Charisma x0.15 or a total of 120% of the item's value at bare minimum minus the discounts the seller gives at 10 charisma
So that's 152% in total with both 10 charisma and both ranks, the two ranks of it aren't near the equivalent of 10 charisma.
1.20 = 1.2x or 120%
1.0 = 1.0x or 100%
0.5 = 0.5x or 50%
0.2 = 0.2x or 20%
So that means 3 charisma is worth the equivalent of the two ranks
It's worth more CHR the less you have.
If you have a 1 charisma, and something actually costs 500 caps, you would only get 149 caps (149.25) when trying to sell it. With the perk, that jumps up to 197 caps, which is 39.4% of the price, which is between 6 and 7 CHR.
According to the Wiki, to get the best prices: