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 function, but unlike MROUND, which rounds to the nearest multiple, CEILING always rounds up to the given multiple.
This tells Excel to take the value in B6 ($33.39 ) and round it to the nearest multiple of the value in C6 (5). The result is $35.00, since 35 is the next multiple of 5 after 33.39. In cell D10, we are rounding the same number, 33.39 up to the nearest multiple of 1 and get 34.00.
You can use CEILING to round prices, times, instrument readings or any other numeric value.
CEILING rounds up using the multiple supplied. You can use the MROUND function to round to the nearest multiple and the FLOOR function to round down to a multiple.
The gist of this formula is that it figures out bundles needed, given items needed, and a specific bundle size. For example, if you need 6 items, and the bundle size is 2, you'll need 3 bundles. If you need 3 items, and the bundle size is 5, you'll...
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 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...
The Excel CEILING function rounds a given number up to the nearest specified multiple. CEILING works like the MROUND function, but CEILING always rounds up.
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.