Format an Update with calculation - Mailing list pgsql-general

My statement below updates the pricing no problem, but I want it to be
formatted with 2 dec points eg (43.23).

Started playing with to_numeric but can't figure it out. Lots of examples with to_char in the
manual, but still searching for answer.

Can it be done?

I want suggested_retail_price to be formatted to 2 decimal points

UPDATE im_ci_item_transfer
   SET suggested_retail_price=(suggested_retail_price + (suggested_retail_price * .13))
WHERE item_code='0025881P2';

Feeling lazy, sorry guys