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\frac{\frac{7\times 1700000}{100}}{12}\times 8
Express \frac{7}{100}\times 1700000 as a single fraction.
\frac{\frac{11900000}{100}}{12}\times 8
Multiply 7 and 1700000 to get 11900000.
\frac{119000}{12}\times 8
Divide 11900000 by 100 to get 119000.
\frac{29750}{3}\times 8
Reduce the fraction \frac{119000}{12} to lowest terms by extracting and canceling out 4.
\frac{29750\times 8}{3}
Express \frac{29750}{3}\times 8 as a single fraction.
\frac{238000}{3}
Multiply 29750 and 8 to get 238000.