Well, isn't that a happy little question! Let's see here, 50p is half of a pound, so it would be 1/2 of 2 pounds. That means the fraction of 2 pounds that 50p represents is 1/2. Just remember, there are no mistakes, only happy little accidents in math and painting.
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If you mean £1 then 50p is 1/2 of it as a fraction
2 qurter
It is 1/16.
25 pence/2 pounds = 25 pence/200 pence = 25/200 = 1/8
50% of 50p =50%/100% * 50p = 0.5 * 50p = 25p