On January $120$x$2,$ Parley Company purchased $60,000$ of the $80,000$ outstanding common shares of Saute Corp. for $$1500000.$ On January $1,20$x$2,$ Saute's shareholders' equity consisted of common shares, $$420,000$ and retained earnings, $$712,000.$ The acquisition differential was allocated partly to Patent with fair value exceeding book value by $$210,000$ and a remaining useful life of $7$ years, and the balance to goodwill.

During $20$x$2,$ Saute reported net income of $$320,000$ and declared and paid dividends of $$275,000.$

On January $1,20$x$3,$ Saute reacquired $5,000$ shares at $$28$ per share. Parley did not participate in this transaction.

During $20$x$3,$ Saute reported net income of $$160000$ and declared and paid dividends of $$60000.$ A goodwill impairment test indicated an impairment loss of $$100,000.$

On January $1,20$x$4,$ Parley bought $6,000$ of Saute shares at $$26$ per share.

What was Parley's ownership percentage in Sauce after the January $1,20$x$3$ repurchase of shares by Saute?

Question $13$ options:

$75\%$

$80\%$

$83\%$

$70\%$