We're dividing 242508 by 88 
Let's see how many times 88 fits into 242508.

Going ahead to step 1:
If we divide 2 by 88, we get 0 and a remainder of 2.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Deduct 0 from 2 and we're left with 2.
Include the next digit (4) from the dividend after 2, then repeat: 24 / 88

Step 2:
88 can be fit into 24 0 times, resulting in a remainder of 24.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
The remainder is 24 after subtracting 0 from 24.
Bring next digit (2) of the dividend behind the 24 and repeat the process: 242 / 88

Advancing to step 3:
88 can be fit into 242 2 times, resulting in a remainder of 66.
The next digit of our result is 2. 
Result so far: 2.0
Deduct 176 from 242 and we're left with 66.
Append the next digit (5) from the dividend to 66 and continue with: 665 / 88

Let's proceed to step 4:
88 can be fit into 665 7 times, resulting in a remainder of 49.
The number 7 becomes the next digit in our result. 
Result so far: 27.0
Subtracting 616 from 665 leaves us with 49.
Bring next digit (0) of the dividend behind the 49 and repeat the process: 490 / 88

On to step 5:
If we divide 490 by 88, we get 5 and a remainder of 50.
The number 5 becomes the next digit in our result. 
Result so far: 275.0
Subtracting 440 from 490 leaves us with 50.
Fetch the next digit (8) from the dividend, attach it to 50 and continue: 508 / 88

Going ahead to step 6:
The number 88 fits into 508 5 times, leaving a remainder of 68.
Write down 5 as next digit of the result. 
Result so far: 2755.0
The remainder is 68 after subtracting 440 from 508.
Since there are no more digits in the dividend, we add a zero to the remainder making it 680, and continue the process.

Advancing to step 7:
88 can be fit into 680 7 times, resulting in a remainder of 64.
Write down 7 as next digit of the result. 
Result so far: 2755.7
If we take 616 away from 680, we end up with 64.
Since there are no more digits in the dividend, we add a zero to the remainder making it 640, and continue the process.

Let's proceed to step 8:
88 goes into 640 7 times with a remainder of 24.
Record the quotient 7 as the next digit in the result. 
Result so far: 2755.77
Subtracting 616 from 640 leaves us with 24.
Since there are no more digits in the dividend, we add a zero to the remainder making it 240, and continue the process.

The final result is 2755.77 with a remainder of 0.024.