We look at the division of 550743 by 16 
We want to divide 550743 by 16.

Going ahead to step 1:
If we divide 5 by 16, we get 0 and a remainder of 5.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
If we take 0 away from 5, we end up with 5.
Bring next digit (5) of the dividend behind the 5 and repeat the process: 55 / 16

Advancing to step 2:
The number 16 fits into 55 3 times, leaving a remainder of 7.
The number 3 becomes the next digit in our result. 
Result so far: 3.0
If we subtract 48 from 55, we get 7.
Fetch the next digit (0) from the dividend, attach it to 7 and continue: 70 / 16

Step 3:
When dividing 70 by 16, we get 4 with a remainder of 6.
Record the quotient 4 as the next digit in the result. 
Result so far: 34.0
Subtract 64 from 70 to get 6.
Include the next digit (7) from the dividend after 6, then repeat: 67 / 16

Step 4:
16 can be fit into 67 4 times, resulting in a remainder of 3.
Write down 4 as next digit of the result. 
Result so far: 344.0
Subtract 64 from 67 to get 3.
Bring next digit (4) of the dividend behind the 3 and repeat the process: 34 / 16

Let's proceed to step 5:
16 can be fit into 34 2 times, resulting in a remainder of 2.
Record the quotient 2 as the next digit in the result. 
Result so far: 3442.0
The remainder is 2 after subtracting 32 from 34.
Take the next digit (3) from the dividend and append it to 2, then repeat: 23 / 16

Going ahead to step 6:
23 divided by 16 is 1 with a remainder of 7.
Write down 1 as next digit of the result. 
Result so far: 34421.0
Subtract 16 from 23 to get 7.
Since there are no more digits in the dividend, we add a zero to the remainder making it 70, and continue the process.

Step 7:
70 divided by 16 is 4 with a remainder of 6.
The next digit of our result is 4. 
Result so far: 34421.4
If we subtract 64 from 70, we get 6.
Since there are no more digits in the dividend, we add a zero to the remainder making it 60, and continue the process.

Step 8:
If we divide 60 by 16, we get 3 and a remainder of 12.
Put 3 as the next digit of the answer. 
Result so far: 34421.43
Deduct 48 from 60 and we're left with 12.
Since there are no more digits in the dividend, we add a zero to the remainder making it 120, and continue the process.

Let's proceed to step 9:
When dividing 120 by 16, we get 7 with a remainder of 8.
Write down 7 as next digit of the result. 
Result so far: 34421.437
Deduct 112 from 120 and we're left with 8.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

Going ahead to step 10:
16 goes into 80 5 times with a remainder of 0.
Write down 5 as next digit of the result. 
Result so far: 34421.4375
Deduct 80 from 80 and we're left with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

On to step 11:
If we divide 0 by 16, we get 0 and a remainder of 0.
Record the quotient 0 as the next digit in the result. 
Result so far: 34421.4375
Subtract 0 from 0 to get 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Let's proceed to step 12:
0 divided by 16 is 0 with a remainder of 0.
Write down 0 as next digit of the result. 
Result so far: 34421.4375
Deduct 0 from 0 and we're left with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

The final result is 34421.4375 with a remainder of 0.0.