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Default Changing a cells type based on it's value

I have a sheet that by selecting a scenario from a drop down list some of the
values change. This normally works fine. But this time I have a slight
problem.

In scenario 1 cell B4 will equal 500 but if scenario 2 is selected than B4
needs to equal 107%.

How can I change B4 back and forward from a value to a percentage?

 
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