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\begin{array}{l}\phantom{60)}\phantom{1}\\60\overline{)720}\\\end{array}
Use the 1^{st} digit 7 from dividend 720
\begin{array}{l}\phantom{60)}0\phantom{2}\\60\overline{)720}\\\end{array}
Since 7 is less than 60, use the next digit 2 from dividend 720 and add 0 to the quotient
\begin{array}{l}\phantom{60)}0\phantom{3}\\60\overline{)720}\\\end{array}
Use the 2^{nd} digit 2 from dividend 720
\begin{array}{l}\phantom{60)}01\phantom{4}\\60\overline{)720}\\\phantom{60)}\underline{\phantom{}60\phantom{9}}\\\phantom{60)}12\\\end{array}
Find closest multiple of 60 to 72. We see that 1 \times 60 = 60 is the nearest. Now subtract 60 from 72 to get reminder 12. Add 1 to quotient.
\begin{array}{l}\phantom{60)}01\phantom{5}\\60\overline{)720}\\\phantom{60)}\underline{\phantom{}60\phantom{9}}\\\phantom{60)}120\\\end{array}
Use the 3^{rd} digit 0 from dividend 720
\begin{array}{l}\phantom{60)}012\phantom{6}\\60\overline{)720}\\\phantom{60)}\underline{\phantom{}60\phantom{9}}\\\phantom{60)}120\\\phantom{60)}\underline{\phantom{}120\phantom{}}\\\phantom{60)999}0\\\end{array}
Find closest multiple of 60 to 120. We see that 2 \times 60 = 120 is the nearest. Now subtract 120 from 120 to get reminder 0. Add 2 to quotient.
\text{Quotient: }12 \text{Reminder: }0
Since 0 is less than 60, stop the division. The reminder is 0. The topmost line 012 is the quotient. Remove all zeros at the start of the quotient to get the actual quotient 12.