£60!!??

Let us cheque it by trying it in dollars, $3500 per an.

12)3500(291. 80

24
——
110
108
——
20

Well: $291.80

then divide by 5 for a rough test

5)291(58. 4. 4
25          add 80 cents = 40d. = 3. 4d.
—

3. 4
—————
£58. 7. 8

Well, call it

£58.10.