We divide 742240 by 60
Let's see how many times 60 fits into 742240.

Let's proceed to step 1:
If we divide 7 by 60, we get 0 and a remainder of 7.
Write down 0 as next digit of the result. 
Result so far: 0.0
Deduct 0 from 7 and we're left with 7.
Fetch the next digit (4) from the dividend, attach it to 7 and continue: 74 / 60

Let's proceed to step 2:
74 divided by 60 is 1 with a remainder of 14.
Use 1 as the next digit of our solution. 
Result so far: 1.0
Subtract 60 from 74 to get 14.
Grab the next digit (2) from the dividend, add it to 14, then carry on: 142 / 60

Step 3:
60 goes into 142 2 times with a remainder of 22.
The number 2 becomes the next digit in our result. 
Result so far: 12.0
If we subtract 120 from 142, we get 22.
Grab the next digit (2) from the dividend, add it to 22, then carry on: 222 / 60

Moving on to step 4:
222 divided by 60 is 3 with a remainder of 42.
Write down 3 as next digit of the result. 
Result so far: 123.0
The remainder is 42 after subtracting 180 from 222.
Append the next digit (4) from the dividend to 42 and continue with: 424 / 60

Going ahead to step 5:
60 goes into 424 7 times with a remainder of 4.
Put 7 as the next digit of the answer. 
Result so far: 1237.0
If we subtract 420 from 424, we get 4.
Include the next digit (0) from the dividend after 4, then repeat: 40 / 60

Going ahead to step 6:
The number 60 fits into 40 0 times, leaving a remainder of 40.
Put 0 as the next digit of the answer. 
Result so far: 12370.0
If we take 0 away from 40, we end up 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.

Step 7:
400 divided by 60 is 6 with a remainder of 40.
Write down 6 as next digit of the result. 
Result so far: 12370.6
Subtract 360 from 400 to get 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

On to step 8:
If we divide 400 by 60, we get 6 and a remainder of 40.
Write down 6 as next digit of the result. 
Result so far: 12370.66
Subtracting 360 from 400 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.

In conclusion, the division gives 12370.66 with a balance of 0.04.