We're dividing 242820 by 58 
We want to figure out the number of times 242820 can be divided by 58.

Moving on to step 1:
The number 58 fits into 2 0 times, leaving a remainder of 2.
Write down 0 as next digit of the result. 
Result so far: 0.0
If we subtract 0 from 2, we get 2.
Take the next digit (4) from the dividend and append it to 2, then repeat: 24 / 58

Going ahead to step 2:
58 goes into 24 0 times with a remainder of 24.
The next digit of our result is 0. 
Result so far: 0.0
The remainder is 24 after subtracting 0 from 24.
Include the next digit (2) from the dividend after 24, then repeat: 242 / 58

Step 3:
When dividing 242 by 58, we get 4 with a remainder of 10.
Write down 4 as next digit of the result. 
Result so far: 4.0
The remainder is 10 after subtracting 232 from 242.
Take the next digit (8) from the dividend and append it to 10, then repeat: 108 / 58

Moving on to step 4:
When dividing 108 by 58, we get 1 with a remainder of 50.
Use 1 as the next digit of our solution. 
Result so far: 41.0
If we subtract 58 from 108, we get 50.
Fetch the next digit (2) from the dividend, attach it to 50 and continue: 502 / 58

Going ahead to step 5:
58 can be fit into 502 8 times, resulting in a remainder of 38.
The number 8 becomes the next digit in our result. 
Result so far: 418.0
If we take 464 away from 502, we end up with 38.
Include the next digit (0) from the dividend after 38, then repeat: 380 / 58

On to step 6:
The number 58 fits into 380 6 times, leaving a remainder of 32.
The number 6 becomes the next digit in our result. 
Result so far: 4186.0
If we subtract 348 from 380, 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 7:
If we divide 320 by 58, we get 5 and a remainder of 30.
Put 5 as the next digit of the answer. 
Result so far: 4186.5
Subtracting 290 from 320 leaves us with 30.
Since there are no more digits in the dividend, we add a zero to the remainder making it 300, and continue the process.

Advancing to step 8:
58 can be fit into 300 5 times, resulting in a remainder of 10.
Use 5 as the next digit of our solution. 
Result so far: 4186.55
The remainder is 10 after subtracting 290 from 300.
Since there are no more digits in the dividend, we add a zero to the remainder making it 100, and continue the process.

The final outcome is 4186.55, with a leftover of 0.01.