Step 1: Let the four sets be \(F,C,B,K\) (football, cricket, basketball, carrom). Their percentages are \(70,75,80,85\) respectively. For any four sets on a \(100%\) universe, a lower bound on the intersection is
\[
|F\cap C\cap B\cap K| \ge \big(|F|+|C|+|B|+|K|\big) - 3\cdot 100%,
\]
since at most \(100%\) students can lie outside each missing-overlap step (generalized pigeonhole/union bound idea).
Step 2: Compute the bound:
\[
70+75+80+85 - 300 = 310 - 300 = 10%.
\]
Thus at least \(10%\) must belong to all four sets. This bound is tight by suitable distribution, so the minimum possible percentage is \(\boxed{10%}\).