Use a Currency Formatter:

// import the class
import mx.formatters.CurrencyFormatter;

// in code create and instance and set the format (also include $|,|.
selection)
var cashFormatter:CurrencyFormatter = new CurrencyFormatter();
cashFormatter.precision=2;

// apply the format to the raw and save
productPrice.text = cashFormatter.format(productObj.retailprice);





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