Magento: How can I format / shorten a price to two decimal

I was having trouble displaying some prices on my Magento store in currency format (2 decimal places). Instead the values were being displayed at 4 decimal places. Bellow is a snippet. (for example: from +0.8500 to +0.85)

$numberformatted = number_format($number, 2, '.', '');

More information: http://php.net/manual/en/function.number-format.php

magento-format-shorten-price-2-two-decimals

[Magento] How to place a product on sale or special in Magento?

When you go around some online shop, sometime you’ll see products with ribbon ‘Sales‘ or will see two price (1 for original price, 1 for new price) and something like that….

So how to do it in magento?

It’s very esay. I’ll explain step by step in this below:

1. Login to the Magento admin.
2. On the top menu go to ‘Catalog > Manage Products.
3. Click the product on the grid to edit.
4. On the left menu, click ‘Prices‘.
5. (If you only have one store skip this step) On the top left, select the appropriate Store from the drop down.
6. Enter the desired Sale price on the field ‘Special Price‘.
7. If applicable, assign a date range using the fields ‘Special Price From Date’ and ‘Special Price To Date‘.
8. Click Save.
9. On the top menu go to ‘System > Index Management‘.
10. Find “Product Prices” from the grid and hit ‘Reindex Data‘.
11. On the top menu go to ‘System > Cache Management‘.
12. Check the ‘Page Cache’ item, make sure the ‘Actions’ dropdown has a value of ‘Refresh‘, and click Submit.

That’s all.