Let's divide 1508892 by 550
We want to figure out the number of times 1508892 can be divided by 550.

Step 1:
When dividing 1 by 550, we get 0 with a remainder of 1.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Subtract 0 from 1 to get 1.
Grab the next digit (5) from the dividend, add it to 1, then carry on: 15 / 550

Advancing to step 2:
15 divided by 550 is 0 with a remainder of 15.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Subtract 0 from 15 to get 15.
Fetch the next digit (0) from the dividend, attach it to 15 and continue: 150 / 550

Step 3:
150 divided by 550 is 0 with a remainder of 150.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Subtract 0 from 150 to get 150.
Grab the next digit (8) from the dividend, add it to 150, then carry on: 1508 / 550

Moving on to step 4:
If we divide 1508 by 550, we get 2 and a remainder of 408.
The next digit of our result is 2. 
Result so far: 2.0
Subtracting 1100 from 1508 leaves us with 408.
Bring next digit (8) of the dividend behind the 408 and repeat the process: 4088 / 550

Going ahead to step 5:
When dividing 4088 by 550, we get 7 with a remainder of 238.
Record the quotient 7 as the next digit in the result. 
Result so far: 27.0
Deduct 3850 from 4088 and we're left with 238.
Take the next digit (9) from the dividend and append it to 238, then repeat: 2389 / 550

On to step 6:
The number 550 fits into 2389 4 times, leaving a remainder of 189.
Use 4 as the next digit of our solution. 
Result so far: 274.0
Subtracting 2200 from 2389 leaves us with 189.
Append the next digit (2) from the dividend to 189 and continue with: 1892 / 550

On to step 7:
550 can be fit into 1892 3 times, resulting in a remainder of 242.
Record the quotient 3 as the next digit in the result. 
Result so far: 2743.0
If we take 1650 away from 1892, we end up with 242.
Since there are no more digits in the dividend, we add a zero to the remainder making it 2420, and continue the process.

Advancing to step 8:
If we divide 2420 by 550, we get 4 and a remainder of 220.
Use 4 as the next digit of our solution. 
Result so far: 2743.4
If we subtract 2200 from 2420, we get 220.
Since there are no more digits in the dividend, we add a zero to the remainder making it 2200, and continue the process.

Step 9:
When dividing 2200 by 550, we get 4 with a remainder of 0.
Use 4 as the next digit of our solution. 
Result so far: 2743.44
If we subtract 2200 from 2200, we 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.

In conclusion, the division gives 2743.44 with a balance of 0.0.