diff --git a/erpnext/patches.txt b/erpnext/patches.txt
index 62aa2b43664..298c48cac82 100644
--- a/erpnext/patches.txt
+++ b/erpnext/patches.txt
@@ -203,3 +203,4 @@ execute:frappe.delete_doc_if_exists("Print Format", "Credit Note - Negative Invo
 erpnext.patches.v6_0.set_default_title # 2015-09-03
 erpnext.patches.v6_0.default_activity_rate
 execute:frappe.db.set_value("Stock Settings", None, "automatically_set_serial_nos_based_on_fifo", 1)
+execute:frappe.db.sql("""update `tabProject` set percent_complete=round(percent_complete, 2) where percent_complete is not null""")
diff --git a/erpnext/projects/doctype/project/project.py b/erpnext/projects/doctype/project/project.py
index 8e126aa4a43..bb43419a56e 100644
--- a/erpnext/projects/doctype/project/project.py
+++ b/erpnext/projects/doctype/project/project.py
@@ -86,7 +86,7 @@ class Project(Document):
 			completed = frappe.db.sql("""select count(*) from tabTask where
 				project=%s and status in ('Closed', 'Cancelled')""", self.name)[0][0]
 
-			self.percent_complete = flt(completed) / total * 100
+			self.percent_complete = flt(flt(completed) / total * 100, 2)
 
 	def update_costing(self):
 		from_time_log = frappe.db.sql("""select