Please Note: This article is written for users of the following Microsoft Excel versions: 97, 2000, 2002, and 2003. If you are using a later version (Excel 2007 or later), this tip may not work for you. For a version of this tip written specifically for later versions of Excel, click here: Rounding to the Nearest $50.
Written by Allen Wyatt (last updated November 10, 2018)
This tip applies to Excel 97, 2000, 2002, and 2003
It is often necessary when creating financial reports to round figures to some value other than the nearest dollar. One common rounding point is to the nearest fifty dollars. If you need to round figures in this manner, then there are a number of formulas you can use to do the rounding.
The first approach is to use the MROUND function. This function allows you to round to any value you want, and has been covered in other ExcelTips. Basically, you would use the function as follows if the value you want to round is in cell B7:
=MROUND(B7,50)
The MROUND function is a part of the Analysis ToolPak included with Excel. If you don't want to install the toolpak or if you will be working with negative values, then you can't use MROUND. (The function returns errors if you use negative numbers.) In these instances, you can resort to the regular ROUND function. Either of the following variations will produce the exact same results:
=ROUND(F5/50,0)*50 =ROUND(F5*2,-2)/2
ExcelTips is your source for cost-effective Microsoft Excel training. This tip (2149) applies to Microsoft Excel 97, 2000, 2002, and 2003. You can find a version of this tip for the ribbon interface of Excel (Excel 2007 and later) here: Rounding to the Nearest $50.
Best-Selling VBA Tutorial for Beginners Take your Excel knowledge to the next level. With a little background in VBA programming, you can go well beyond basic spreadsheets and functions. Use macros to reduce errors, save time, and integrate with other Microsoft applications. Fully updated for the latest version of Office 365. Check out Microsoft 365 Excel VBA Programming For Dummies today!
Want to round values so they are always even or odd? You can do it quickly and easily by using the EVEN and ODD worksheet ...
Discover MoreNeed to figure out the least common multiple of a range of values? It is a snap when you use the LCM function, described ...
Discover MoreThe MODE function is used to determine the most frequently recurring value in a range. This tip explains how to use the ...
Discover MoreFREE SERVICE: Get tips like this every week in ExcelTips, a free productivity newsletter. Enter your address and click "Subscribe."
There are currently no comments for this tip. (Be the first to leave your comment—just use the simple form above!)
Got a version of Excel that uses the menu interface (Excel 97, Excel 2000, Excel 2002, or Excel 2003)? This site is for you! If you use a later version of Excel, visit our ExcelTips site focusing on the ribbon interface.
FREE SERVICE: Get tips like this every week in ExcelTips, a free productivity newsletter. Enter your address and click "Subscribe."
Copyright © 2025 Sharon Parq Associates, Inc.
Please Note:
This article is written for users of the following Microsoft Excel versions: 97, 2000, 2002, and 2003. If you are using a later version (Excel 2007 or later), this tip may not work for you. For a version of this tip written specifically for later versions of Excel, click here:
Comments