The Excel FLOOR function rounds a number down to a given multiple. The multiple to use for rounding is given as the second argument (significance). If the number is already an exact multiple, no rounding occurs. FLOOR works like the MROUND function, but unlike MROUND, which rounds to the nearest multiple, FLOOR always rounds down to the given multiple.
This tells Excel to take the value in B6 ($33.39 ) and round it down to the nearest multiple of the value in C6 (5). The result is $30.00, since 30 is nearest multiple of 5 below 33.39. Likewise, in cell D7, we get 30 when rounding down using a multiple of 10.
You can use FLOOR to round prices, times, instrument readings or any other numeric value.
FLOOR rounds down using the multiple supplied. You can use the MROUND function to round to the nearest multiple and the CEILING function to round up to a multiple.
The MROUND function rounds a number to the nearest given multiple. The multiple to use for rounding is provided as the significance argument. If the number is already an exact multiple, no rounding occurs and the original number is returned. You can...
The Excel CEILING function rounds a number up to a given multiple. The multiple to use for rounding is given as the second argument ( significance ). If the number is already an exact multiple, no rounding occurs. CEILING works like the MROUND...
In the example shown, the goal is to round a price to the nearest value ending in .99. So, for example, if a price is currently $5.31, the result should be $4.99. The best way to think about the problem is to restate it as "round a price to the...
The Excel FLOOR function rounds a given number down to the nearest specified multiple. FLOOR works like the MROUND function, but FLOOR always rounds down.
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