number_format( (float)$price, 2 ) code example

Example 1: php number format

$num = 12345.6789;
echo number_format($num, 2, '.', '') //12345.67
echo number_format($num, 3, ',', '.') //12.345,678

Example 2: number format to float php

$num = '1,200,998.255';

########## FOR FLOAT VALUES ###########################

echo filter_var($num, FILTER_SANITIZE_NUMBER_FLOAT, FILTER_FLAG_ALLOW_FRACTION);

#output  : 1200998.255

########## FOR INTEGER VALUES ###########################

echo filter_var($num, FILTER_SANITIZE_NUMBER_INT);

#output  : 1200998