MROUND Excel Function


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In this tutorial, you will learn excel MROUND function. MROUND excel function is useful to do the rounding process to the nearest multiple in our data processing.


Why do We Need to Learn Excel MROUND Formula?


In doing numeral data processing on a spreadsheet, the rounding process to the nearest multiple is something that we might need sometimes. Usually, the need for the process happens when we are processing numbers where there is a standardization for them in the data processing that we do on the spreadsheet and we want to do optimization based on that.

As a simple example, imagine if we want to calculate the allocation of production targets per shift in the company’s factory or calculate the product quantity that we want to send to the location where we sell it. In the two cases, usually, there is a standardization for the product quantities related to the production batch or the delivery package that should be adhered to. To adjust with the standardization, we need to make the allocation amount to be closer with the standardization so we can support the effectivity and efficiency of the production and delivery process optimally.

If we do normal division process and then do the rounding process again based on the multiplication factor that we want, then it will be very troublesome if the process is needed to be done on many data or when some of the calculation results produce many decimals so it will be messier to do the rounding process manually.

To help us speed up the process, then we can use the MROUND excel function. Excel MROUND formula can help to do the rounding process to the nearest multiple when you need it. It will be useful to be utilized when you need many results standardization from the calculation process that you do.


What is the MROUND Excel Function?


MROUND excel function is a function with the usage objective to get the rounding result of a number to the nearest multiple. Excel MROUND formula is one of the spreadsheet formulas with the function to make rounding process of a numeric data easier besides other formulas that are available like ROUND, CEILING, or ROUNDDOWN.

Generally, the input of excel MROUND formula can be explained as follows:


=MROUND(number, multiple)


Notes:
  • number = the number to be rounded
  • multiple = the multiplication factor that you want for the rounding process



How to Use Excel MROUND Formula?


The following will explain the writing of the MROUND excel function. Excel MROUND formula needs two required inputs which are the number that you want to round and the multiplication factor that you want for the result later.


Using MROUND Excel Function


  1. Type equal sign ( = ) in the cell where you want to put the result in

    MROUND Excel Function - Screenshot of Step 1

  2. Type MROUND (can be with large and small letters) and open bracket sign after =

    MROUND Excel Function - Screenshot of Step 2

  3. Type number / cell coordinate where the number which you want to process is after open bracket sign followed by comma sign ( , )

    MROUND Excel Function - Screenshot of Step 3

  4. Type the multiplication factor / cell coordinate where the multiplication factor is

    MROUND Excel Function - Screenshot of Step 4

  5. Type close bracket sign

    MROUND Excel Function - Screenshot of Step 5

  6. Type Enter
  7. The process is done!

    MROUND Excel Function - Screenshot of Step 7



Exercise


After you have understood the steps of the formula writing in detail, you can add to your understanding by doing the exercise below!

Download the exercise file and answer all of the questions. Download the answer key file later so you can check all of your answers for the questions or if you are confused about how to do the exercise!

Link for the exercise file:
Download here

Questions

  1. Convert the digit in question 1 column to the nearest multiplication factor of 100!
  2. Convert the digit in question 2 column to the nearest multiplication factor of 7!
  3. Convert the digit in question 3 column to the nearest multiplication factor of 250!

Link for the answer key file:
Download here


Additional Notes

  • If you want to learn all of the rounding methods in excel completely, then you can learn it from another part of the Compute Expert tutorial!
  • You can also round a time data with excel MROUND formula by inputting the digit like “0:20” in the multiplication factor input part for rounding your time data to the nearest 20 minutes multiple

    MROUND Excel Function - Screenshot of Additional Notes 2-1

    MROUND Excel Function - Screenshot of Additional Notes 2-2





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