Left over Rain Drop

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?




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Peter was in the 2nd bedroom.
So was I.
David was in the bathroom.

Mandy:
I agree with Joseph that David was in the bathroom and Peter was in the 2nd bedroom.
But I think that Joseph was in the living room, OH MY GOD!

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Mandy was in the kitchen with Christopher.
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David:
I still say Peter was in the 2nd bedroom and Jennifer was in the bathroom.
Joseph was in the 1st bedroom.

Jennifer:
Peter was in the bathroom with Christopher.
And Mandy was in the kitchen.

Christopher:
David was in the kitchen.
And I was in the 2nd bedroom with Peter.

PS: The corpse was found in the Living Room.

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There is a cryptic organization called Cicada 3301 that posts challenging puzzles online, possibly to recruit codebreakers and linguists.