Let's divide 296924 by 70
We want to figure out the number of times 296924 can be divided by 70.

Going ahead to step 1:
70 can be fit into 2 0 times, resulting in a remainder of 2.
Use 0 as the next digit of our solution. 
Result so far: 0.0
If we subtract 0 from 2, we get 2.
Fetch the next digit (9) from the dividend, attach it to 2 and continue: 29 / 70

On to step 2:
The number 70 fits into 29 0 times, leaving a remainder of 29.
Put 0 as the next digit of the answer. 
Result so far: 0.0
Subtract 0 from 29 to get 29.
Append the next digit (6) from the dividend to 29 and continue with: 296 / 70

Advancing to step 3:
70 goes into 296 4 times with a remainder of 16.
The number 4 becomes the next digit in our result. 
Result so far: 4.0
Subtracting 280 from 296 leaves us with 16.
Include the next digit (9) from the dividend after 16, then repeat: 169 / 70

Step 4:
If we divide 169 by 70, we get 2 and a remainder of 29.
Use 2 as the next digit of our solution. 
Result so far: 42.0
If we subtract 140 from 169, we get 29.
Fetch the next digit (2) from the dividend, attach it to 29 and continue: 292 / 70

Step 5:
The number 70 fits into 292 4 times, leaving a remainder of 12.
Record the quotient 4 as the next digit in the result. 
Result so far: 424.0
Subtract 280 from 292 to get 12.
Grab the next digit (4) from the dividend, add it to 12, then carry on: 124 / 70

Step 6:
If we divide 124 by 70, we get 1 and a remainder of 54.
Put 1 as the next digit of the answer. 
Result so far: 4241.0
If we take 70 away from 124, we end up with 54.
Since there are no more digits in the dividend, we add a zero to the remainder making it 540, and continue the process.

Advancing to step 7:
70 can be fit into 540 7 times, resulting in a remainder of 50.
Record the quotient 7 as the next digit in the result. 
Result so far: 4241.7
The remainder is 50 after subtracting 490 from 540.
Since there are no more digits in the dividend, we add a zero to the remainder making it 500, and continue the process.

Let's proceed to step 8:
70 can be fit into 500 7 times, resulting in a remainder of 10.
The number 7 becomes the next digit in our result. 
Result so far: 4241.77
Deduct 490 from 500 and we're left with 10.
Since there are no more digits in the dividend, we add a zero to the remainder making it 100, and continue the process.

Our division results in 4241.77 with a remaining 0.01.