1/2
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50/1
50p to 1.00p = 50p to 1p = 50/1, which, as a decimal number is 50.
There are 100p in a UK (Sterling) pound (£). Therefore, 50p is half of £1.
One fortieth 20.00/ 0.50 = 40 so 0.50 of 20.00 = 1/40 or 2.5% or 0.025
30p / 50p = 30/50 = 3/5