Find closest multiple of $50$ to $96$. We see that $1 \times 50 = 50$ is the nearest. Now subtract $50$ from $96$ to get reminder $46$. Add $1$ to quotient.
Since $46$ is less than $50$, stop the division. The reminder is $46$. The topmost line $01$ is the quotient. Remove all zeros at the start of the quotient to get the actual quotient $1$.