If you mean of £2 then it is 50/200 = 1/4 simplified
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Well, honey, if we're talking about British currency conversion, 50 pence is half of a pound. So, if we're trying to figure out what fraction of 3.00 pounds 50 pence is, it's 1/2 or 0.5. Math doesn't have to be a drag, darling.
3/50
Quarter 50/200 = 1/4
It is: 50/500 = 1/10 simplified
25 pence/2 pounds = 25 pence/200 pence = 25/200 = 1/8