We're dividing 292701 by 98 
We're looking to find how many times 98 goes into 292701.

Step 1:
When dividing 2 by 98, we get 0 with 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.
Append the next digit (9) from the dividend to 2 and continue with: 29 / 98

Moving on to step 2:
The number 98 fits into 29 0 times, leaving a remainder of 29.
Use 0 as the next digit of our solution. 
Result so far: 0.0
Subtracting 0 from 29 leaves us with 29.
Bring next digit (2) of the dividend behind the 29 and repeat the process: 292 / 98

Advancing to step 3:
98 can be fit into 292 2 times, resulting in a remainder of 96.
Use 2 as the next digit of our solution. 
Result so far: 2.0
Subtract 196 from 292 to get 96.
Fetch the next digit (7) from the dividend, attach it to 96 and continue: 967 / 98

Let's proceed to step 4:
98 can be fit into 967 9 times, resulting in a remainder of 85.
The number 9 becomes the next digit in our result. 
Result so far: 29.0
If we take 882 away from 967, we end up with 85.
Bring next digit (0) of the dividend behind the 85 and repeat the process: 850 / 98

Step 5:
98 goes into 850 8 times with a remainder of 66.
Record the quotient 8 as the next digit in the result. 
Result so far: 298.0
If we subtract 784 from 850, we get 66.
Fetch the next digit (1) from the dividend, attach it to 66 and continue: 661 / 98

Step 6:
98 goes into 661 6 times with a remainder of 73.
The number 6 becomes the next digit in our result. 
Result so far: 2986.0
If we subtract 588 from 661, we get 73.
Since there are no more digits in the dividend, we add a zero to the remainder making it 730, and continue the process.

Let's proceed to step 7:
When dividing 730 by 98, we get 7 with a remainder of 44.
Use 7 as the next digit of our solution. 
Result so far: 2986.7
Subtract 686 from 730 to get 44.
Since there are no more digits in the dividend, we add a zero to the remainder making it 440, and continue the process.

Step 8:
The number 98 fits into 440 4 times, leaving a remainder of 48.
The number 4 becomes the next digit in our result. 
Result so far: 2986.74
Deduct 392 from 440 and we're left with 48.
Since there are no more digits in the dividend, we add a zero to the remainder making it 480, and continue the process.

Step 9:
98 goes into 480 4 times with a remainder of 88.
The next digit of our result is 4. 
Result so far: 2986.744
Deduct 392 from 480 and we're left with 88.
Since there are no more digits in the dividend, we add a zero to the remainder making it 880, and continue the process.

The final result is 2986.744 with a remainder of 0.0088.