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It is 4 pence: an unlikely price in 2017!
It is 23/100.
To convert pounds to pence, you multiply by 100 since there are 100 pence in a pound. Therefore, 4.07 pounds is equal to 4.07 x 100 = 407 pence.
To convert pounds to pence, you multiply by 100 since there are 100 pence in a pound. Therefore, 3.09 pounds is equal to 3.09 × 100 = 309 pence.
100 pence/2 pounds = 100 p / 200 p = 100/200 = 1/2 or 0.5