12p

12p is a monetary amount in the currency of the United Kingdom and other countries that use the pound sterling. In decimal notation, 12p equals twelve pence, or £0.12. The p stands for pence, the subunit of the pound, with 100 pence to a pound. This notation is common on price tags, receipts, and other financial figures to denote small values.

Historically, the United Kingdom used pounds, shillings, and pence (denoted L, s, and d). In that system, 12 pence was written as 12d and was equal to one shilling (1s). Decimalisation in 1971 replaced the old units with 100 pence per pound and replaced d with p for the unit of value; after decimalisation, 1 shilling became equivalent to 5p.

Usage: The amount 12p is typically read as "twelve pence" or as a value of £0.12. It is a relatively small amount in modern pricing and may appear in contexts such as discounts, token values, or fractional sums in pricing, but more commonly prices are rounded to the nearest penny or to 5p for consumer convenience.

See also: pence, pound sterling, decimalisation of the pound.

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