Multiply one cell by a factor and make that result round

[Guest]

I am trying to multiply A7 by B7, I then want that result to round to the
nearest 0.05. This is what I have and it wont work.Or maybe it cant be done?
=(A7*2.66),Ceiling(B7,0.05)
This formula is in cell B7

Is it possible?
Any help greatful

 

[Dave Peterson]

It sounds like you want this:

=ceiling(a7*b7,.05)

I'm not sure where 2.66 comes from.

I would think that this formula would not go in B7--you'll end up with a
circular reference problem if you use it this way.

 

[Steve R]

Have your tried mround()
=MROUND(A7*2.66,0.05)

 

[Steve R]

Whoops, forgot to pass the infomation Celing() rounds up, not to the
nearest.

 

[Guest]

Steve, Ceiling rounds to the nearest multiple that you specify,ie. 0.05.

 

[Guest]

Dave, the 2.66 is the multiplying factor I want to use. Here is what I have.
On one sheet I have costing for multiple products. On a second sheet I have
our multiplying factor to use for our costing. Lets say product A costs us
$2.50 to buy and our selling price is 2.66% markup. I want our markup
percentage to multiply by our cost and round to the nearest nickel for our
pricebooks. I dont want to have to create a 3rd sheet to do this.

 

[Dave Peterson]

maybe...

=ceiling(a7*$b$7*2.66%,.05)

Dave, the 2.66 is the multiplying factor I want to use. Here is what I have.
On one sheet I have costing for multiple products. On a second sheet I have
our multiplying factor to use for our costing. Lets say product A costs us
$2.50 to buy and our selling price is 2.66% markup. I want our markup
percentage to multiply by our cost and round to the nearest nickel for our
pricebooks. I dont want to have to create a 3rd sheet to do this.

 

[Steve R]

From Help:
Ceiling()
Returns number rounded up, away from zero, to the nearest multiple of
significance.
Mround()
Returns a number rounded to the desired multiple.

Steve