# 4 Formulas to Round Off Prices To Nearest 10 Cents in Excel

There are a few rounding functions in Excel, depending on what kind of values you want to round and how. Each rounding function rounds a number to certain decimal places depending upon the arguments. In this article, I will describe 4 formulas to round off prices to the nearest 10 cents in Excel.

## Introduction to the Dataset

In the column, **Vegetables**, I have a list of some vegetables. In the column, **Prices**, I have mentioned the prices of each vegetable. I have added another column, **Nearest 10 Cents **next to these two columns for calculating the round-off prices to the nearest multiple of 10 cents.

## Easiest Formula to Round Off Prices to Nearest 10 Cents

The easiest and most reliable way to round off a number to its nearest multiple is to use the **MROUND function**. Because the **MROUND** function is only dedicated to rounding off the numbers to the nearest multiple. The multiple is sometimes either an integer or a fraction.

**Syntax**

=MROUND (number, multiple)

**Formula**

**=MROUND(B3,0.1)**

**Usage Guide**

**Step_1**: First, type the formula in cell **C2**.

**Step_2**: Then press **ENTER**.

**Step_3**: After that copy the formula down to cell **C8** by dragging the right-bottom corner of cell **C2**.

**Final Result**

You can see, that the **MROUND function** rounded off all the vegetable prices to their nearest multiple of 10 cents.

Like, in the case of the first item, the mushroom, the price is **$40.73**. There are two nearest multiples of 10 cents of the price of **$40.73**. One is **$40.70**, and the other is **$40.80**. From these two prices, the **$40.70** is closer to **$40.73** than **$40.80**.

As a result, the formula returned the value of **$40.70** in cell **C2** instead of **$40.80**.

**Formula Explanation**

As specified by the syntax of the **MROUND** function, **B2** indicates the *number *in the formula. And **0.1** is *multiple*. The *multiple* determines that the formula has to return the nearest multiple of **0.1** of the mentioned number i.e. **$40.73**.

If you change the value **0.1** and mention something else, for example, **0.2**, the answer will be changed. It will return the nearest multiple of** 0.2** of **$40.73**.

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### Alternative Formula #1: Round Off Prices to Nearest 10 Cents Using ROUND Function

Another way to round off prices to their nearest 10 cents is using the **ROUND function** in Excel.

**Syntax**

**=ROUND (number, num_digits)**

**Formula**

**=ROUND(B2,1) **

**Usage Guide**

**Step_1**: At first, type the formula in cell **C2**.

**Step_2**: Press the **ENTER** key.

**Step_3**: Finally, copy the formula down to cell **C8** by dragging the right-bottom corner of cell **C2**.

**Final Result**

The **ROUND** function worked great and rounded off all the prices to the nearest multiple of 10 cents of all values of **column B**.

**Formula Explanation**

From the result, you can see, that **B2** represents the ** number **argument of the

**ROUND**function. It refers to the value of

**$40.73**. Then

**1**is the

**argument.**

*num_digit*Basically, **1** describes that there will be only 1 digit after the decimal point after rounding off the numbers.

### Alternative Formula #2: Round Off Prices to Nearest Previous 10 Cents Using the FLOOR Function

An alternative way to round off the prices to their nearest **10** cents is by using the **FLOOR function**. But the **FLOOR** function only returns the exact previous multiple of any value. In that case, you have to keep in mind this fact.

**Syntax**

=FLOOR(number, significance)

**Formula**

=FLOOR(B3,0.1)

**Usage Guide**

**Step_1**: First, write down the formula in cell **C2**.

**Step_2**: Then press **ENTER**.

**Step_3**: Finally, copy the formula down by dragging the right-bottom corner of cell **C2**.

**Final Result**

Take a look at cell **B7** and its result in cell **C7**. The closest multiple of 10 cents of **$71.96** is **$71.90** and **$72.00**. But comparing both of the values, the result is **$71.90**, even though **$72.00** was the closer one. It’s because the **FLOOR** function rounds the numbers down to their previous multiple of any value.

**Formula Explanation**

According to the syntax of the **FLOOR** function, **B2** is the *number* argument and **0.1** is the *significance* argument of the syntax. Both of the arguments are required for the **FLOOR** function. The *significance*, **0.1**, indicates that the result must be the previous multiple of 10 cents of cell **B2** (**$40.73**).

### Alternative Formula #3: Round Off Prices to Nearest Next 10 Cents Using the CEILING Function

The **CEILING** function is technically the opposite of the **FLOOR** function. That means the **CEILING function** rounds the values in an upward trend. So, if you use the **CEILING** function it will round off prices to the nearest next multiple of **10** cents of a value.

**Syntax**

=CEILING (number, significance)

**Formula**

=CEILING(B2,0.1)

**Usage Guide**

**Step_1**: At first, type the formula in cell **C2**.

**Step_2**: Then press **ENTER** to insert the formula.

**Step_3**: Now, double-click the **Fill Handle** on cell **C2**.

**Final Result**

You can see how the **CEILING** function rounded up a multiple of **10** cents of all the values.

The value in cell **B2**, **$40.73** has become **$40.80** after applying the **CEILING** function. If you look at the other values of **column** **C**, all the values changed in the same trend.

**Formula Explanation**

Here, according to the formula syntax, **B2** is the *number,* and **0.1** is the *significance*. For the **CEILING** function, both arguments are required.

According to the *significance*, the result must be the larger one of the multiple of **10** cents of **$40.73**.

## Conclusion

I’ve covered **4** ways to round off prices to the nearest **10** cents in Excel. I hope you find this article helpful. And, feel free to ask anything regarding this topic in the comment section below. Also, please visit our **Blog** page for more Excel-related articles like this one. Thank you and enjoy your day!

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