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\begin{array}{l}\phantom{40)}\phantom{1}\\40\overline{)700}\\\end{array}
Use the 1^{st} digit 7 from dividend 700
\begin{array}{l}\phantom{40)}0\phantom{2}\\40\overline{)700}\\\end{array}
Since 7 is less than 40, use the next digit 0 from dividend 700 and add 0 to the quotient
\begin{array}{l}\phantom{40)}0\phantom{3}\\40\overline{)700}\\\end{array}
Use the 2^{nd} digit 0 from dividend 700
\begin{array}{l}\phantom{40)}01\phantom{4}\\40\overline{)700}\\\phantom{40)}\underline{\phantom{}40\phantom{9}}\\\phantom{40)}30\\\end{array}
Find closest multiple of 40 to 70. We see that 1 \times 40 = 40 is the nearest. Now subtract 40 from 70 to get reminder 30. Add 1 to quotient.
\begin{array}{l}\phantom{40)}01\phantom{5}\\40\overline{)700}\\\phantom{40)}\underline{\phantom{}40\phantom{9}}\\\phantom{40)}300\\\end{array}
Use the 3^{rd} digit 0 from dividend 700
\begin{array}{l}\phantom{40)}017\phantom{6}\\40\overline{)700}\\\phantom{40)}\underline{\phantom{}40\phantom{9}}\\\phantom{40)}300\\\phantom{40)}\underline{\phantom{}280\phantom{}}\\\phantom{40)9}20\\\end{array}
Find closest multiple of 40 to 300. We see that 7 \times 40 = 280 is the nearest. Now subtract 280 from 300 to get reminder 20. Add 7 to quotient.
\text{Quotient: }17 \text{Reminder: }20
Since 20 is less than 40, stop the division. The reminder is 20. The topmost line 017 is the quotient. Remove all zeros at the start of the quotient to get the actual quotient 17.