Exceljet

Quick, clean, and to the point

Round a number to nearest multiple

Excel formula: Round a number to nearest multiple
Generic formula 
=MROUND(number,multiple)
Summary 

To round a number to the nearest given multiple (i.e. nearest dollar, nearest 5 dollars, etc.) you can use the MROUND function. In the example  shown, the formula in D6 is:

=MROUND(B6,C6)
Explanation 

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 use MROUND to round prices, times, instrument readings or any other numeric value.

In the example shown, we are using MROUND to round the price in column B using the multiple in column C. The formula in cell D6, copied down the table, is:

=MROUND(B6,C6)

This tells Excel to take the value in B6 ($63.39) and round it to the nearest multiple of the value in C6 (5). The result in D5 is $65.00, since 65 is the nearest multiple of 5 to 63.39. In the following rows of the table, the same number is rounded using different multiples.

Note that MROUND always rounds to the nearest value using the specified multiple. If you need to round either up or down using a multiple, use the CEILING or FLOOR functions.

Author 
Dave Bruns

Excel Formula Training

Formulas are the key to getting things done in Excel. In this accelerated training, you'll learn how to use formulas to manipulate text, work with dates and times, lookup values with VLOOKUP and INDEX & MATCH, count and sum with criteria, dynamically rank values, and create dynamic ranges. You'll also learn how to troubleshoot, trace errors, and fix problems. Instant access. See details here.

Download 200+ Excel Shortcuts

Get over 200 Excel shortcuts for Windows and Mac in one handy PDF.