We're dividing 40692117 by 121 
We're looking to find how many times 121 goes into 40692117.

Moving on to step 1:
When dividing 4 by 121, we get 0 with a remainder of 4.
Put 0 as the next digit of the answer. 
Result so far: 0.0
Deduct 0 from 4 and we're left with 4.
Include the next digit (0) from the dividend after 4, then repeat: 40 / 121

Moving on to step 2:
40 divided by 121 is 0 with a remainder of 40.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Subtract 0 from 40 to get 40.
Append the next digit (6) from the dividend to 40 and continue with: 406 / 121

Let's proceed to step 3:
The number 121 fits into 406 3 times, leaving a remainder of 43.
The next digit of our result is 3. 
Result so far: 3.0
If we subtract 363 from 406, we get 43.
Grab the next digit (9) from the dividend, add it to 43, then carry on: 439 / 121

Step 4:
When dividing 439 by 121, we get 3 with a remainder of 76.
Record the quotient 3 as the next digit in the result. 
Result so far: 33.0
The remainder is 76 after subtracting 363 from 439.
Append the next digit (2) from the dividend to 76 and continue with: 762 / 121

Going ahead to step 5:
The number 121 fits into 762 6 times, leaving a remainder of 36.
The number 6 becomes the next digit in our result. 
Result so far: 336.0
If we take 726 away from 762, we end up with 36.
Append the next digit (1) from the dividend to 36 and continue with: 361 / 121

Let's proceed to step 6:
The number 121 fits into 361 2 times, leaving a remainder of 119.
Use 2 as the next digit of our solution. 
Result so far: 3362.0
Subtract 242 from 361 to get 119.
Take the next digit (1) from the dividend and append it to 119, then repeat: 1191 / 121

Let's proceed to step 7:
121 can be fit into 1191 9 times, resulting in a remainder of 102.
The number 9 becomes the next digit in our result. 
Result so far: 33629.0
If we take 1089 away from 1191, we end up with 102.
Take the next digit (7) from the dividend and append it to 102, then repeat: 1027 / 121

Moving on to step 8:
When dividing 1027 by 121, we get 8 with a remainder of 59.
The next digit of our result is 8. 
Result so far: 336298.0
The remainder is 59 after subtracting 968 from 1027.
Since there are no more digits in the dividend, we add a zero to the remainder making it 590, and continue the process.

Advancing to step 9:
121 goes into 590 4 times with a remainder of 106.
Write down 4 as next digit of the result. 
Result so far: 336298.4
If we take 484 away from 590, we end up with 106.
Since there are no more digits in the dividend, we add a zero to the remainder making it 1060, and continue the process.

Advancing to step 10:
The number 121 fits into 1060 8 times, leaving a remainder of 92.
Use 8 as the next digit of our solution. 
Result so far: 336298.48
If we subtract 968 from 1060, we get 92.
Since there are no more digits in the dividend, we add a zero to the remainder making it 920, and continue the process.

Step 11:
The number 121 fits into 920 7 times, leaving a remainder of 73.
Record the quotient 7 as the next digit in the result. 
Result so far: 336298.487
If we subtract 847 from 920, we get 73.
Since there are no more digits in the dividend, we add a zero to the remainder making it 730, and continue the process.

On to step 12:
The number 121 fits into 730 6 times, leaving a remainder of 4.
Put 6 as the next digit of the answer. 
Result so far: 336298.4876
If we subtract 726 from 730, we get 4.
Since there are no more digits in the dividend, we add a zero to the remainder making it 40, and continue the process.

Let's proceed to step 13:
When dividing 40 by 121, we get 0 with a remainder of 40.
Write down 0 as next digit of the result. 
Result so far: 336298.4876
Subtracting 0 from 40 leaves us with 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

Going ahead to step 14:
400 divided by 121 is 3 with a remainder of 37.
The next digit of our result is 3. 
Result so far: 336298.487603
If we subtract 363 from 400, we get 37.
Since there are no more digits in the dividend, we add a zero to the remainder making it 370, and continue the process.

Advancing to step 15:
121 can be fit into 370 3 times, resulting in a remainder of 7.
Put 3 as the next digit of the answer. 
Result so far: 336298.4876033
Deduct 363 from 370 and we're left with 7.
Since there are no more digits in the dividend, we add a zero to the remainder making it 70, and continue the process.

In conclusion, the division gives 336298.4876033 with a balance of 7e-08.