Let's say the total work to be done is represented by 1.
On the first day, three-fifths of the work is completed. Therefore, the remaining work to be done is 1 - 3/5 = 2/5.
On the second day, three-quarters of the remainder is completed. The remainder after the first day's work is 2/5. So, the work completed on the second day is 3/4 x 2/5 = 3/10. The remaining work to be done is 2/5 - 3/10 = 1/5.
On the third day, seven-eighths of what remained is done. The remaining work to be done after the second day's work is 1/5. So, the work completed on the third day is 7/8 x 1/5 = 7/40.
Therefore, the fraction of work still remaining to be done is 1/5 - 7/40 = 8/40 - 7/40 = 1/40.