I would be interested to know how people format numbers in AS3 to 2 decimal
places.

I am currently using the following but it does not always appear to work:

var displayPercentageValue:Number = Math.round(percentageValue / .01) * .01;

Sometimes it seems to be displaying correctly, sometimes it doesn't

For example the following doesn't work:

var displayPercentageValue:Number = Math.round(0.4123263888888889 / .01) *
.01;    

Whereas the following does work

var displayPercentageValue:Number = Math.round(1.4123263888888889 / .01) *
.01;    

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