its should return value in something example two digit decimal
You have asked this formatting question many times recently. Read the docs...
https://video2.skills-academy.com/en-us/dotnet/standard/base-types/standard-numeric-format-strings
https://video2.skills-academy.com/en-us/dotnet/standard/base-types/custom-numeric-format-strings
The following example assumes LRO exists and has a value.
Label LRO = e.Item.FindControl("LRO") as Label;
string val = LRO.Text
decimal val = 0m;
if(!decimal.TryParse(stringVal, out val))
{
//There was an error parsing the string
}
Console.WriteLine(val.ToString("#.##"));