Let's divide 496700 by 60
We want to figure out the number of times 496700 can be divided by 60.

Let's proceed to step 1:
4 divided by 60 is 0 with a remainder of 4.
Use 0 as the next digit of our solution. 
Result so far: 0.0
The remainder is 4 after subtracting 0 from 4.
Include the next digit (9) from the dividend after 4, then repeat: 49 / 60

On to step 2:
60 can be fit into 49 0 times, resulting in a remainder of 49.
Use 0 as the next digit of our solution. 
Result so far: 0.0
Subtracting 0 from 49 leaves us with 49.
Take the next digit (6) from the dividend and append it to 49, then repeat: 496 / 60

Step 3:
60 can be fit into 496 8 times, resulting in a remainder of 16.
Record the quotient 8 as the next digit in the result. 
Result so far: 8.0
Subtract 480 from 496 to get 16.
Grab the next digit (7) from the dividend, add it to 16, then carry on: 167 / 60

Let's proceed to step 4:
60 goes into 167 2 times with a remainder of 47.
The next digit of our result is 2. 
Result so far: 82.0
Deduct 120 from 167 and we're left with 47.
Bring next digit (0) of the dividend behind the 47 and repeat the process: 470 / 60

Going ahead to step 5:
60 can be fit into 470 7 times, resulting in a remainder of 50.
The next digit of our result is 7. 
Result so far: 827.0
Subtract 420 from 470 to get 50.
Take the next digit (0) from the dividend and append it to 50, then repeat: 500 / 60

Going ahead to step 6:
500 divided by 60 is 8 with a remainder of 20.
Put 8 as the next digit of the answer. 
Result so far: 8278.0
The remainder is 20 after subtracting 480 from 500.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

Going ahead to step 7:
The number 60 fits into 200 3 times, leaving a remainder of 20.
Record the quotient 3 as the next digit in the result. 
Result so far: 8278.3
If we subtract 180 from 200, we get 20.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

Advancing to step 8:
60 can be fit into 200 3 times, resulting in a remainder of 20.
Write down 3 as next digit of the result. 
Result so far: 8278.33
If we take 180 away from 200, we end up with 20.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

In conclusion, the division gives 8278.33 with a balance of 0.02.