We're dividing 264050 by 48 
We want to figure out the number of times 264050 can be divided by 48.

Step 1:
2 divided by 48 is 0 with 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.
Bring next digit (6) of the dividend behind the 2 and repeat the process: 26 / 48

Moving on to step 2:
When dividing 26 by 48, we get 0 with a remainder of 26.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Deduct 0 from 26 and we're left with 26.
Take the next digit (4) from the dividend and append it to 26, then repeat: 264 / 48

Moving on to step 3:
48 can be fit into 264 5 times, resulting in a remainder of 24.
Put 5 as the next digit of the answer. 
Result so far: 5.0
The remainder is 24 after subtracting 240 from 264.
Grab the next digit (0) from the dividend, add it to 24, then carry on: 240 / 48

Going ahead to step 4:
48 goes into 240 5 times with a remainder of 0.
Record the quotient 5 as the next digit in the result. 
Result so far: 55.0
The remainder is 0 after subtracting 240 from 240.
Include the next digit (5) from the dividend after 0, then repeat: 5 / 48

Moving on to step 5:
48 can be fit into 5 0 times, resulting in a remainder of 5.
Write down 0 as next digit of the result. 
Result so far: 550.0
Subtracting 0 from 5 leaves us with 5.
Fetch the next digit (0) from the dividend, attach it to 5 and continue: 50 / 48

Step 6:
48 goes into 50 1 times with a remainder of 2.
Use 1 as the next digit of our solution. 
Result so far: 5501.0
The remainder is 2 after subtracting 48 from 50.
Since there are no more digits in the dividend, we add a zero to the remainder making it 20, and continue the process.

Moving on to step 7:
When dividing 20 by 48, we get 0 with a remainder of 20.
Use 0 as the next digit of our solution. 
Result so far: 5501.0
The remainder is 20 after subtracting 0 from 20.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

On to step 8:
When dividing 200 by 48, we get 4 with a remainder of 8.
The number 4 becomes the next digit in our result. 
Result so far: 5501.04
If we take 192 away from 200, we end up 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.

Let's proceed to step 9:
80 divided by 48 is 1 with a remainder of 32.
Use 1 as the next digit of our solution. 
Result so far: 5501.041
If we subtract 48 from 80, we get 32.
Since there are no more digits in the dividend, we add a zero to the remainder making it 320, and continue the process.

Going ahead to step 10:
If we divide 320 by 48, we get 6 and a remainder of 32.
Put 6 as the next digit of the answer. 
Result so far: 5501.0416
If we subtract 288 from 320, we get 32.
Since there are no more digits in the dividend, we add a zero to the remainder making it 320, and continue the process.

Advancing to step 11:
If we divide 320 by 48, we get 6 and a remainder of 32.
Use 6 as the next digit of our solution. 
Result so far: 5501.04166
If we take 288 away from 320, we end up with 32.
Since there are no more digits in the dividend, we add a zero to the remainder making it 320, and continue the process.

In conclusion, the division gives 5501.04166 with a balance of 3.2e-05.