Does iphone lose battery when powered/turned off??

So my lock button at the top of the iphone 4 doesn't work and i used the assistive touch button to lock screen when needed. The reason i didn't go to apple store is that i have past my warranty and didn't buy apple care.
Anyway, the other day, the iphone shut down unexpectedly at around 40%.
Now, normally, if it shuts down, it'll only be because of the battery being lower than 4%, and so all i had to do was to it in to power adaptor.
BUT, because i know that the percentage left is closer to 40%, then i was wondering whether the iphone would lose battery. Because if that happens, i can just wait for a couple of hours before plugging it in....

All devices use power when in sleep mode.
Locking the screen does not turn the device off, never has.

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