Three men in a cafe order a meal the total cost of which is $15. They each contribute $5. The waiter takes the money to the chef who recognises the three as friends and asks the waiter to return $5 to the men.
The waiter is not only poor at mathematics but dishonest and instead of going to the trouble of splitting the $5 between the three he simply gives them $1 each and pockets the remaining $2 for himself.
Now, each of the men effectively paid $4, the total paid is therefore $12. Add the $2 in the waiters pocket and this comes to $14. Where has the other $1 gone from the original $15?
A rain drop fell from one leaf to another leaf and lost 1/4th of its volume. It then fell to another leaf and lost 1/5th of the volume. It again fell on another leaf and lost 1/5th of the volume.
This process kept repeating till it fell on the last leaf losing 1/75th of its volume.
Can you calculate the total percentage of loss from the initial volume when the drop has fallen to the last leaf accurate up to two decimal places?