With Excel, it's very easy to round to the nearest ten, hundred, thousand, ....
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Standard use of the ROUND function
The ROUND function is a very common Excel function. You use it when you want to round a number.
- "Number" is your number
- "Decimal" is the number of decimal places you want to keep
You can put any value, including 0, if you don't want to return a decimal.
Round to the nearest ten
The technique to round to the nearest ten is very simple.
You have to use the same function but the decimal argument will be negative
Round to tenth = -1
Set the argument to -1 to round to the nearest ten
Round to hundred = -2
Set the argument to -2 to round to the nearest hundred
Round to thousand = -3
Set the argument to -3 to round to the nearest thousand
Round to multiple
Another way to round to the nearest ten, five, etc. is to use the function MROUND. M stands for Multiple, where you set the argument to the nearest multiple you want to round to. For example, 10 if you want to round to the nearest ten or 5 to round to the nearest five.
Format number (from 1000 to 1K)
You can also format your number when you divide it by 1000.
This is the technique to use if you want to present your number in K$, for example.