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, 2013, 2019, and Excel in Office 365.
Solve Real Business Problems Master business modeling and analysis techniques with Excel and transform data into bottom-line results. This hands-on, scenario-focused guide shows you how to use the latest Excel tools to integrate data from multiple tables. Check out Microsoft Excel 2013 Data Analysis and Business Modeling today!
Rounding is normally done so that values greater than or equal to .5 are rounded up and less than .5 are rounded down. ...
Discover MoreWhen preparing financial reports, it may make your data easier to understand if you round it to the nearest multiple, ...
Discover MoreThe primary method of rounding values is to use the ROUND function in your formulas. Here's an introduction to this ...
Discover MoreFREE SERVICE: Get tips like this every week in ExcelTips, a free productivity newsletter. Enter your address and click "Subscribe."
2019-09-11 10:11:47
Peter Atherton
Tom
I suspect that usually you will round up unless there is an offer on the item. That is a question for the management. Here are a few suggestions
=TRUNC(A2,0)-0.01
=INT(A2)+0.99
=ROUND(A2,0)-0.01
(see Figure 1 below)
Figure 1.
2019-09-10 12:23:21
Tom
Thanks for the info.
Do you know if I want to do only roundup not rounddown?
For example, I want to make decimal always to .99 whether the value is 16.34 or 16.75
2018-06-26 15:33:48
Willy Vanhaelen
@Neill
Your question was a little fuzzy and by re-reading it carefully I realised that you probably meant a sequence of 5th, 15th and 25th. If so, the UDF i posted earlier will not meat your requirements. This UDF then will:
Function FormatDate(X As Date)
If Day(X) > 25 Then
FormatDate = Application.EoMonth(X, 0) + 5
Else
FormatDate=DateSerial(Year(X),Month(X),Application.RoundUp(Day(X)+ 5,-1)- 5)
End If
End Function
If you entrer =FormatDate("6/6/2018) this UDF will return 15 Jun 2018.
2018-06-26 12:18:09
Willy Vanhaelen
@Neill
This User Defined Function should do the job:
Function FormatDate(X As Date)
If Day(X) > 25 Then
FormatDate = Application.EoMonth(X, 0) + 5
Else
FormatDate=DateSerial(Year(X),Month(X),Application.Ceiling(Day(X),5))
End If
End Function
Place this macro in a module.
For the 6th of June for example, enter: =FormatDate("6/6/2018")
The result is: 10 Jun 2018.
Let me know if this meets your requirement.
2018-06-25 02:39:35
Neill
How would you roundup to the nearest x5th of each month (5th (for 26th of prior month through to 5th of current month), 15th, 25th) ?
2018-06-23 14:19:02
Erik
This also works:
=TRUNC(A1*10)/10+0.09
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 © 2019 Sharon Parq Associates, Inc.
Comments