We're dividing 761017 by 40 
We want to figure out the number of times 761017 can be divided by 40.

On to step 1:
When dividing 7 by 40, we get 0 with a remainder of 7.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Deduct 0 from 7 and we're left with 7.
Fetch the next digit (6) from the dividend, attach it to 7 and continue: 76 / 40

Advancing to step 2:
76 divided by 40 is 1 with a remainder of 36.
Put 1 as the next digit of the answer. 
Result so far: 1.0
Deduct 40 from 76 and we're left with 36.
Bring next digit (1) of the dividend behind the 36 and repeat the process: 361 / 40

Step 3:
361 divided by 40 is 9 with a remainder of 1.
The next digit of our result is 9. 
Result so far: 19.0
Deduct 360 from 361 and we're left with 1.
Fetch the next digit (0) from the dividend, attach it to 1 and continue: 10 / 40

Moving on to step 4:
If we divide 10 by 40, we get 0 and a remainder of 10.
Write down 0 as next digit of the result. 
Result so far: 190.0
If we subtract 0 from 10, we get 10.
Include the next digit (1) from the dividend after 10, then repeat: 101 / 40

Moving on to step 5:
The number 40 fits into 101 2 times, leaving a remainder of 21.
Record the quotient 2 as the next digit in the result. 
Result so far: 1902.0
Subtract 80 from 101 to get 21.
Grab the next digit (7) from the dividend, add it to 21, then carry on: 217 / 40

Step 6:
40 can be fit into 217 5 times, resulting in a remainder of 17.
Write down 5 as next digit of the result. 
Result so far: 19025.0
If we subtract 200 from 217, we get 17.
Since there are no more digits in the dividend, we add a zero to the remainder making it 170, and continue the process.

Moving on to step 7:
170 divided by 40 is 4 with a remainder of 10.
Put 4 as the next digit of the answer. 
Result so far: 19025.4
If we subtract 160 from 170, we get 10.
Since there are no more digits in the dividend, we add a zero to the remainder making it 100, and continue the process.

Let's proceed to step 8:
The number 40 fits into 100 2 times, leaving a remainder of 20.
Write down 2 as next digit of the result. 
Result so far: 19025.42
If we subtract 80 from 100, we get 20.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

Step 9:
40 can be fit into 200 5 times, resulting in a remainder of 0.
Put 5 as the next digit of the answer. 
Result so far: 19025.425
If we subtract 200 from 200, we get 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Going ahead to step 10:
40 goes into 0 0 times with a remainder of 0.
The number 0 becomes the next digit in our result. 
Result so far: 19025.425
Deduct 0 from 0 and we're left with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Going ahead to step 11:
40 can be fit into 0 0 times, resulting in a remainder of 0.
Put 0 as the next digit of the answer. 
Result so far: 19025.425
The remainder is 0 after subtracting 0 from 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

In conclusion, the division gives 19025.425 with a balance of 0.0.