So all prices where paid in cash are rounded down to the nearest value divisible by 5 cents.
Floor value in excel.
Floor function in excel is very similar to the rounddown function as it rounds down the number to its significance for example if we have number as 10 and the significance is 3 the output would be 9 this function takes two arguments as an input one is a number while other is the significance value.
Description rounds number down toward zero to the nearest multiple of significance.
If the number is already an exact multiple no rounding occurs and the original number is returned.
The multiple to use for rounding is provided as the significance argument.
I need to find out the nearest multiple of 2 for the number value 4 5.
In excel we can use the floor function to calculate this value.
This article describes the formula syntax and usage of the floor function in microsoft excel.
The excel floor function rounds a number down to a given multiple.
The floor function is a built in function in excel that is categorized as a math trig function it can be used as a worksheet function ws in excel.
The microsoft excel floor function returns a number rounded down based on a multiple of significance.