We look at the division of 12937600 by 48 
We're looking to find how many times 48 goes into 12937600.

Moving on to step 1:
The number 48 fits into 1 0 times, leaving a remainder of 1.
Write down 0 as next digit of the result. 
Result so far: 0.0
Subtracting 0 from 1 leaves us with 1.
Fetch the next digit (2) from the dividend, attach it to 1 and continue: 12 / 48

Let's proceed to step 2:
If we divide 12 by 48, we get 0 and a remainder of 12.
Write down 0 as next digit of the result. 
Result so far: 0.0
Subtract 0 from 12 to get 12.
Grab the next digit (9) from the dividend, add it to 12, then carry on: 129 / 48

Moving on to step 3:
The number 48 fits into 129 2 times, leaving a remainder of 33.
The number 2 becomes the next digit in our result. 
Result so far: 2.0
Deduct 96 from 129 and we're left with 33.
Fetch the next digit (3) from the dividend, attach it to 33 and continue: 333 / 48

Let's proceed to step 4:
48 goes into 333 6 times with a remainder of 45.
Use 6 as the next digit of our solution. 
Result so far: 26.0
Deduct 288 from 333 and we're left with 45.
Take the next digit (7) from the dividend and append it to 45, then repeat: 457 / 48

Advancing to step 5:
When dividing 457 by 48, we get 9 with a remainder of 25.
Record the quotient 9 as the next digit in the result. 
Result so far: 269.0
Deduct 432 from 457 and we're left with 25.
Append the next digit (6) from the dividend to 25 and continue with: 256 / 48

Going ahead to step 6:
48 can be fit into 256 5 times, resulting in a remainder of 16.
Use 5 as the next digit of our solution. 
Result so far: 2695.0
Deduct 240 from 256 and we're left with 16.
Append the next digit (0) from the dividend to 16 and continue with: 160 / 48

Step 7:
160 divided by 48 is 3 with a remainder of 16.
The number 3 becomes the next digit in our result. 
Result so far: 26953.0
If we subtract 144 from 160, we get 16.
Include the next digit (0) from the dividend after 16, then repeat: 160 / 48

Let's proceed to step 8:
The number 48 fits into 160 3 times, leaving a remainder of 16.
Use 3 as the next digit of our solution. 
Result so far: 269533.0
Subtracting 144 from 160 leaves us with 16.
Since there are no more digits in the dividend, we add a zero to the remainder making it 160, and continue the process.

Step 9:
48 goes into 160 3 times with a remainder of 16.
The number 3 becomes the next digit in our result. 
Result so far: 269533.3
If we subtract 144 from 160, we get 16.
Since there are no more digits in the dividend, we add a zero to the remainder making it 160, and continue the process.

On to step 10:
The number 48 fits into 160 3 times, leaving a remainder of 16.
Record the quotient 3 as the next digit in the result. 
Result so far: 269533.33
If we subtract 144 from 160, we get 16.
Since there are no more digits in the dividend, we add a zero to the remainder making it 160, and continue the process.

The final outcome is 269533.33, with a leftover of 0.016.