In the example shown, the formula in cell D6 is This tells Excel to take the value in B6 ($33.39 ) and round it down to the nearest multiple of the value in C6 (5). The result is $30.00, since 30 is nearest multiple of 5 below 33.39. Likewise, in cell D7, we get 30 when rounding down using a multiple of 10. You can use FLOOR to round prices, times, instrument readings or any other numeric value. FLOOR rounds down using the multiple supplied. You can use the MROUND function to round to the nearest multiple and the CEILING function to round up to a multiple.

Dave Bruns

Hi - I’m Dave Bruns, and I run Exceljet with my wife, Lisa. Our goal is to help you work faster in Excel. We create short videos, and clear examples of formulas, functions, pivot tables, conditional formatting, and charts.