We often need to round off numbers for different types of calculations. In particular, we need to round off currencies and prices while dealing with currencies and accounting. In this article, you will learn 4 quick methods to round off prices to the nearest multiple of 50 cents in Excel.

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## 4 Methods to Round Off to Nearest 50 Cents in Excel

I will use the following dataset throughout the entire article. In the **Per Unit Price** column, there are some prices. I will show you round them off in the **Rounded Price** column.

### 1. Round to Nearest 50 Cents Using ROUND Function

**The ROUND function** rounds off a number to the nearest value having a specific number of digits. So, I will use this function to round off prices to the nearest multiple of **50 **cents.

Letâ€™s get started.

âť¶ Firstly, insert the following formula in cell **D5**.

`=ROUND(C5*2,0)/2`

âť· Then press the **ENTER **button.

**Formula Breakdown**

**C5*2:**Doubles the number in cell**C5**. So**$1.46**turns into**$2.92**.**ROUND(C5*2,0):**Rounds off**$2.92**to the nearest integer value with no decimal places after the decimal point. So,**$2.92**becomes**$3.00**.**ROUND(C5*2,0)/2:**Divides**$3.00**by**2**. So we get**$1.50**.

So, this is how the **ROUND **function rounds off numbers to the nearest multiple of **50 **cents.

âť¸ After that, drag the **Fill Handle** from cell **D5 **to **D14**.

So you have successfully rounded off all the princes to their nearest multiple of **50 **cents.

**Read More:** **How to Round to Nearest 10 Cents in Excel (4 Suitable Methods)**

### 2. Using ROUNDUP Function to Round to Nearest 50 Cents

There are a couple of other functions within the **ROUND** family. In this section, I will **use the ROUNDUP function** to round off prices to the nearest multiple of **50 **cents.

For that,

âť¶ At first, insert the following formula in cell **D5**.

`=ROUNDUP(C5*2,0)/2`

âť· Then press the **ENTER **button.

**Formula Breakdown**

**C5*2:**Doubles the number in cell**C5**. So**$1.46**turns into**$2.92**.**ROUNDUP(C5*2,0):**Rounds off**$2.92**to the next nearest integer value with no decimal places after the decimal point. So,**$2.92**becomes**$3.00**.**ROUNDUP(C5*2,0)/2:**Divides**$3.00**by**2**. So we get**$1.50**.

So, this is how the **ROUNDUP **function rounds off numbers to the next nearest multiple of **50 **cents.

âť¸ After that drag the **Fill Handle** from cell **D5 **to **D14**.

So you have successfully rounded off all the princes to their nearest multiple of **50 **cents.

**Read More:Â ****Rounding to Nearest Dollar in Excel (6 Easy Ways)**

**Similar Readings**

**Round Time to Nearest 5 Minutes in Excel (4 Quick Methods)****How to Calculate Accuracy and Precision in Excel****Stop Excel from Rounding Up Decimals (4 Easy Methods)****How to Stop Rounding in Excel (5 Handy Ways)**

### 3. Round to Nearest 50 Cents Using MROUND Function

In this section, I will **use the MROUND function** to round off prices to the nearest multiple of **50 **cents. The **MROUND** function rounds off a number to the nearest multiple of a specified number.

Now follow the steps below:

âť¶ Firstly, insert the following formula in cell **D5**.

`=MROUND(C5,0.5)`

âť· Then press the **ENTER **button.

**Formula Breakdown**

**C5**refers to the price that I want to round off to the nearest multiple of**50****5**specifies that the**MROUND**function will round off the price in cell**C5**to the nearest multiple of**50**cents.

âť¸ After that drag the **Fill Handle** from cell **D5 **to **D14**.

So you have successfully rounded off all the princes to their nearest multiple of **50 **cents.

**Read More: ****Round to Nearest Whole Number in Excel (9 Easy Methods)**

### 4. Using CEILING Function to Round

Finally, I will **use the CEILING function** to round off prices. The **CEILING **function rounds a number to the next nearest multiple of the significance.

Now follow the steps below:

âť¶ Firstly, insert the following formula in cell **D5**.

`=CEILING(C5,0.5)`

âť· Then press the **ENTER **button.

**Formula Breakdown**

**C5**refers to the price that I want to round off to the nearest multiple of**50****5**specifies that the**CEILING**function will round off the price in cell**C5**to the next nearest multiple of**50**cents.

âť¸ After that drag the **Fill Handle** from cell **D5 **to **D14**.

So you have successfully rounded off all the princes to their nearest multiple of **50 **cents.

**Read More: ****How to Round Down to Nearest Whole Number in Excel (4 Methods)**

## Conclusion

To sum up, we have discussed 4 ways to round off to the nearest 50 cents in Excel. And donâ€™t hesitate to ask any questions in the comment section below. We will try to respond to all the relevant queries asap. And please visit our website **Exceldemy** to explore more.