Formatting a number with exactly two decimals in JavaScript

To format a number using fixed-point notation, you can simply use the toFixed method:

(10.8).toFixed(2); // "10.80"

var num = 2.4;
alert(num.toFixed(2)); // "2.40"

Note that toFixed() returns a string.

IMPORTANT: Note that toFixed does not round 90% of the time, it will return the rounded value, but for many cases, it doesn't work.

For instance:

2.005.toFixed(2) === "2.00"

UPDATE:

Nowadays, you can use the Intl.NumberFormat constructor. It's part of the ECMAScript Internationalization API Specification (ECMA402). It has pretty good browser support, including even IE11, and it is fully supported in Node.js.

const formatter = new Intl.NumberFormat('en-US', {
   minimumFractionDigits: 2,      
   maximumFractionDigits: 2,
});

console.log(formatter.format(2.005)); // "2.01"
console.log(formatter.format(1.345)); // "1.35"

You can alternatively use the toLocaleString method, which internally will use the Intl API:

const format = (num, decimals) => num.toLocaleString('en-US', {
   minimumFractionDigits: 2,      
   maximumFractionDigits: 2,
});


console.log(format(2.005)); // "2.01"
console.log(format(1.345)); // "1.35"

This API also provides you a wide variety of options to format, like thousand separators, currency symbols, etc.

This is an old topic but still top-ranked Google results and the solutions offered share the same floating point decimals issue. Here is the (very generic) function I use, thanks to MDN:

function round(value, exp) {
  if (typeof exp === 'undefined' || +exp === 0)
    return Math.round(value);

  value = +value;
  exp = +exp;

  if (isNaN(value) || !(typeof exp === 'number' && exp % 1 === 0))
    return NaN;

  // Shift
  value = value.toString().split('e');
  value = Math.round(+(value[0] + 'e' + (value[1] ? (+value[1] + exp) : exp)));

  // Shift back
  value = value.toString().split('e');
  return +(value[0] + 'e' + (value[1] ? (+value[1] - exp) : -exp));
}

As we can see, we don't get these issues:

round(1.275, 2);   // Returns 1.28
round(1.27499, 2); // Returns 1.27

This genericity also provides some cool stuff:

round(1234.5678, -2);   // Returns 1200
round(1.2345678e+2, 2); // Returns 123.46
round("123.45");        // Returns 123

Now, to answer the OP's question, one has to type:

round(10.8034, 2).toFixed(2); // Returns "10.80"
round(10.8, 2).toFixed(2);    // Returns "10.80"

Or, for a more concise, less generic function:

function round2Fixed(value) {
  value = +value;

  if (isNaN(value))
    return NaN;

  // Shift
  value = value.toString().split('e');
  value = Math.round(+(value[0] + 'e' + (value[1] ? (+value[1] + 2) : 2)));

  // Shift back
  value = value.toString().split('e');
  return (+(value[0] + 'e' + (value[1] ? (+value[1] - 2) : -2))).toFixed(2);
}

You can call it with:

round2Fixed(10.8034); // Returns "10.80"
round2Fixed(10.8);    // Returns "10.80"

Various examples and tests (thanks to @t-j-crowder!):

function round(value, exp) {
  if (typeof exp === 'undefined' || +exp === 0)
    return Math.round(value);

  value = +value;
  exp = +exp;

  if (isNaN(value) || !(typeof exp === 'number' && exp % 1 === 0))
    return NaN;

  // Shift
  value = value.toString().split('e');
  value = Math.round(+(value[0] + 'e' + (value[1] ? (+value[1] + exp) : exp)));

  // Shift back
  value = value.toString().split('e');
  return +(value[0] + 'e' + (value[1] ? (+value[1] - exp) : -exp));
}
function naive(value, exp) {
  if (!exp) {
    return Math.round(value);
  }
  var pow = Math.pow(10, exp);
  return Math.round(value * pow) / pow;
}
function test(val, places) {
  subtest(val, places);
  val = typeof val === "string" ? "-" + val : -val;
  subtest(val, places);
}
function subtest(val, places) {
  var placesOrZero = places || 0;
  var naiveResult = naive(val, places);
  var roundResult = round(val, places);
  if (placesOrZero >= 0) {
    naiveResult = naiveResult.toFixed(placesOrZero);
    roundResult = roundResult.toFixed(placesOrZero);
  } else {
    naiveResult = naiveResult.toString();
    roundResult = roundResult.toString();
  }
  $("<tr>")
    .append($("<td>").text(JSON.stringify(val)))
    .append($("<td>").text(placesOrZero))
    .append($("<td>").text(naiveResult))
    .append($("<td>").text(roundResult))
    .appendTo("#results");
}
test(0.565, 2);
test(0.575, 2);
test(0.585, 2);
test(1.275, 2);
test(1.27499, 2);
test(1234.5678, -2);
test(1.2345678e+2, 2);
test("123.45");
test(10.8034, 2);
test(10.8, 2);
test(1.005, 2);
test(1.0005, 2);

table {
  border-collapse: collapse;
}
table, td, th {
  border: 1px solid #ddd;
}
td, th {
  padding: 4px;
}
th {
  font-weight: normal;
  font-family: sans-serif;
}
td {
  font-family: monospace;
}

<table>
  <thead>
    <tr>
      <th>Input</th>
      <th>Places</th>
      <th>Naive</th>
      <th>Thorough</th>
    </tr>
  </thead>
  <tbody id="results">
  </tbody>
</table>
<script src="https://ajax.googleapis.com/ajax/libs/jquery/2.1.1/jquery.min.js"></script>

I usually add this to my personal library, and after some suggestions and using the @TIMINeutron solution too, and making it adaptable for decimal length then, this one fits best:

function precise_round(num, decimals) {
   var t = Math.pow(10, decimals);   
   return (Math.round((num * t) + (decimals>0?1:0)*(Math.sign(num) * (10 / Math.pow(100, decimals)))) / t).toFixed(decimals);
}

will work for the exceptions reported.