We look at the division of 266701 by 98 
We're looking to find how many times 98 goes into 266701.

Let's proceed to step 1:
When dividing 2 by 98, we get 0 with a remainder of 2.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Subtracting 0 from 2 leaves us with 2.
Fetch the next digit (6) from the dividend, attach it to 2 and continue: 26 / 98

Step 2:
98 goes into 26 0 times with a remainder of 26.
Use 0 as the next digit of our solution. 
Result so far: 0.0
Subtract 0 from 26 to get 26.
Bring next digit (6) of the dividend behind the 26 and repeat the process: 266 / 98

Going ahead to step 3:
When dividing 266 by 98, we get 2 with a remainder of 70.
Write down 2 as next digit of the result. 
Result so far: 2.0
Deduct 196 from 266 and we're left with 70.
Bring next digit (7) of the dividend behind the 70 and repeat the process: 707 / 98

Let's proceed to step 4:
If we divide 707 by 98, we get 7 and a remainder of 21.
Record the quotient 7 as the next digit in the result. 
Result so far: 27.0
The remainder is 21 after subtracting 686 from 707.
Include the next digit (0) from the dividend after 21, then repeat: 210 / 98

Going ahead to step 5:
98 can be fit into 210 2 times, resulting in a remainder of 14.
The number 2 becomes the next digit in our result. 
Result so far: 272.0
Subtract 196 from 210 to get 14.
Grab the next digit (1) from the dividend, add it to 14, then carry on: 141 / 98

Moving on to step 6:
If we divide 141 by 98, we get 1 and a remainder of 43.
Use 1 as the next digit of our solution. 
Result so far: 2721.0
The remainder is 43 after subtracting 98 from 141.
Since there are no more digits in the dividend, we add a zero to the remainder making it 430, and continue the process.

On to step 7:
98 can be fit into 430 4 times, resulting in a remainder of 38.
Put 4 as the next digit of the answer. 
Result so far: 2721.4
Deduct 392 from 430 and we're left with 38.
Since there are no more digits in the dividend, we add a zero to the remainder making it 380, and continue the process.

Moving on to step 8:
98 can be fit into 380 3 times, resulting in a remainder of 86.
Record the quotient 3 as the next digit in the result. 
Result so far: 2721.43
Subtract 294 from 380 to get 86.
Since there are no more digits in the dividend, we add a zero to the remainder making it 860, and continue the process.

Going ahead to step 9:
860 divided by 98 is 8 with a remainder of 76.
The next digit of our result is 8. 
Result so far: 2721.438
If we take 784 away from 860, we end up with 76.
Since there are no more digits in the dividend, we add a zero to the remainder making it 760, and continue the process.

Step 10:
98 can be fit into 760 7 times, resulting in a remainder of 74.
The next digit of our result is 7. 
Result so far: 2721.4387
Subtracting 686 from 760 leaves us with 74.
Since there are no more digits in the dividend, we add a zero to the remainder making it 740, and continue the process.

Let's proceed to step 11:
If we divide 740 by 98, we get 7 and a remainder of 54.
Write down 7 as next digit of the result. 
Result so far: 2721.43877
Subtracting 686 from 740 leaves us 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.

The quotient of the division is 2721.43877, and the remainder is 5.4e-05.