£1 = 100p. That means that when we convert from pounds to pence we x by 100 and when we convert from pence to pounds we ÷ by 100. To compare the two amounts we need to convert both to the same ...

The old system of 12 pennies to the shilling and 20 shillings to the pound was replaced by a simple 100 “new pence” to the same old pound. Only a few nostalgic diehards disapproved.