Bob performs calculations and wants to round the results up to the next value that ends in 9. In other words, to set a target retail price he wants to calculate the various costs and then round the answers up so that they end in 9. Thus, $1.42 rounds to $1.49, $1.49 has no change, $9.01 rounds to $9.09, etc.
There are actually quite a few formulas you can use to adjust your prices as you desire. Excel provides a good number of different rounding functions that can be tried. You might think that you could use a simple ROUNDUP function to do the work, as shown in the following:
=ROUNDUP(A1,1)-0.01
This won't work properly, however, if the value in A1 ends with a zero (1.00, 1.10, 1.20, etc.). In that case the formula simply subtracts 0.01 from the original value, converting 1.00 to 0.99, for instance.
The solution is to add 0.01 to the value in A1 before you do the rounding, in this manner:
=ROUNDUP(A1+0.01,1)-0.01
You can also use the CEILING function in almost the exact same manner as you did the ROUNDUP function:
=CEILING(A1+0.01,0.1)-0.01
A different (and shorter) approach, though, is to use the ROUNDDOWN function to do the rounding, in this manner:
=ROUNDDOWN(A1,1)+0.09
You could also use the straight ROUND function in this manner:
=ROUND(A1+0.05,1)-0.01
Shorter still is a solution that doesn't rely on any of the built-in rounding functions:
=(INT(A1*10)+0.9)/10
ExcelTips is your source for cost-effective Microsoft Excel training. This tip (12825) applies to Microsoft Excel 2007, 2010, and 2013.
Program Successfully in Excel! John Walkenbach's name is synonymous with excellence in deciphering complex technical topics. With this comprehensive guide, "Mr. Spreadsheet" shows how to maximize your Excel experience using professional spreadsheet application development tips from his own personal bookshelf. Check out Excel 2013 Power Programming with VBA today!
When working with financial data, it's easy to round values to the nearest dollar. What if you want them rounded to the ...
Discover MoreRounding is normally done so that values greater than or equal to .5 are rounded up and less than .5 are rounded down. ...
Discover MoreNeed to round the time in a cell to a certain value? There are a couple of ways you can do this with a formula.
Discover MoreFREE SERVICE: Get tips like this every week in ExcelTips, a free productivity newsletter. Enter your address and click "Subscribe."
2016-08-26 12:28:06
Gringo
Pretty useless guide, why wouldnt you cover both whole numbers and decimals?
2013-12-09 13:08:47
David
I've been doing this for years and never realized '.x0' would wind up rounding down. You create the '.x0' issue with numbers already ending in .09, but the net result will still be correct. It's just a few pennies, but they add up quickly, so thanks for the tip!
2013-12-09 11:32:24
Portia
Thank you, Allen!
Wonderful and useful tip.
Can you show a better way to copy a formula with the absolute sign$ in (ie A5*$N$5) to both rows and columns?
Thanks.
2013-12-08 17:01:08
Juan
Amazing tip, it will help me very much. Thank you very much!
Got a version of Excel that uses the ribbon interface (Excel 2007 or later)? This site is for you! If you use an earlier version of Excel, visit our ExcelTips site focusing on the menu interface.
FREE SERVICE: Get tips like this every week in ExcelTips, a free productivity newsletter. Enter your address and click "Subscribe."
Copyright © 2018 Sharon Parq Associates, Inc.
Comments