Ha, I gotta say after reading your reply I feel kind of dumb for even saying the 80%; I had blinders on. Most, when it's relative, is the highest of a set even if that number is super low. Totally spaced on that when I asked, but I was fixated on how it's used to define something that's a percentage like in the 65% example. It happens so frequently in journalism and it's frustrating because it's trying to make an argument that sometimes the numbers themselves don't support.
Anyway, appreciate you reminding me (and I deserved to feel dumb so also making me feel a bit dumb about it).
There may be a minority government elected, with 40% of the seats, and 30%, 20%, 10% to other parties.
The 40% party will be described as winning the most seats.