Need to increase price by % and rounding up and down

[klafert]

I want to take a price and and increase it by a percentage. However, we also
rounded to the nearest nickel. If the cents was 3.75 we would multiply it by
3% that would make the price 3.87 then we would round it to 3.90. If the
price was 3.71 after the increase then we would round it to 3.70. Any
suggestion how to automat this so we don't have to go and manually change
each price?

Thanks for the help

 

[MartinW]

Hi Klafert,

With 3.75 in A1
Put this in B1
=ROUND(A1*1.03/0.1,0)*0.1
And format to two decimal places

HTH
Martin

 

[Tyro]

We need to know your rounding rules. 3.71 becomes 3.7, 3.72 becomes ?, 3.73
becomes ? ....... 3.79 becomes ?

 

[daddylonglegs]

You say you want to round to the nearest nickel (0.05) but your examples make
it look like you're rounding to the nearest dime (0.1) because 3.87 rounded
to the nearest nickel would be 3.85 not 3.9....so, both ways

To round to the nearest nickel

=ROUND(A1*1.03*2,1)/2

where your original amount is in A1

To round to the nearest dime

=ROUND(A1*1.03,1)

 

[MartinW]

I obviously don't know the difference between nickels and dimes

=ROUND(A1*1.03/0.1,0)*0.1
will round to the nearest ten cents

=ROUND(A1*1.03/0.05,0)*0.05
will round to the nearest five cents

HTH
Martin

 

[klafert]

The rule is if the second digit 2 or below then we round down - example: 3.72
becomes 3.70 and if 3.73 or highger then it becomes 3.75. Hope that helps??!!