85p is 85/1 of 1p.
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1/3 is a fraction.
It has "1" for the numerator.
12.0 = 12/1 in fraction
I would guess it means the same as "unit fraction" - a fraction that has a numerator of 1, such as 1/2, 1/7, or 1/100.
1/60th as a fraction = 1/60