How can PHP be used to format percentages accurately, especially when dealing with high precision calculations?

When dealing with high precision calculations in PHP, it is important to use the appropriate functions to format percentages accurately. One way to achieve this is by using the number_format() function in combination with the bcmath extension for arbitrary precision mathematics. This allows for precise calculations and formatting of percentages with a high level of accuracy.

// Set the scale for bcmath calculations
bcscale(10);

// Perform high precision calculation
$number = '0.12345678901234567890';
$percentage = bcmul($number, '100');

// Format the percentage with high precision
$formatted_percentage = number_format($percentage, 10);

echo $formatted_percentage; // Output: 12.3456789012