Here is a working example in both Javascript and jQuery:
http://jsfiddle.net/GuLYN/312/
//In jQuery
$("#calculate").click(function() {
var num = parseFloat($("#textbox").val());
var new_num = $("#textbox").val(num.toFixed(2));
});
// In javascript
document.getElementById('calculate').onclick = function() {
var num = parseFloat(document.getElementById('textbox').value);
var new_num = num.toFixed(2);
document.getElementById('textbox').value = new_num;
};
?