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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My second is my first of space
Defining people's present place.

My whole describes a lack of site -
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There is a cryptic organization called Cicada 3301 that posts challenging puzzles online, possibly to recruit codebreakers and linguists.