This tutorial will explain how to set decimal places in **Excel** with a formula. Sometimes, we may need to get values up to a fixed decimal place. For instance, we have a dataset that contains values with five decimal places. But, we want to limit the values only up to two decimal places. We can do this in several ways. In this article, we will use a unique dataset to illustrate the methods of this task.

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## 5 Effective Ways to Set Decimal Places in Excel with Formula

Throughout this article, we will show **5 **effective ways to set decimal places in **Excel **with a formula. To illustrate the methods, we will use the following dataset. The dataset contains the **GPA **of **five **students. In each method of this article, we will show how to set the values of **GPA **up to two decimal places in excel with a formula.

### 1. Excel ROUND Function to Set Decimal Places

First and foremost, we will use **the ROUND function** to set decimal places in excel with a formula. The **ROUND **function rounds a number to the number of digits specified. The function allows you to round numbers up or down. Letâ€™s see the steps to use the **ROUND **function in this method.

**STEPS:**

- To begin with, select cell
**D5**. - In addition, insert the following formula in that cell:

`=ROUND(C5,2)`

- Press
**Enter**. - Furthermore, drag the
**Fill Handle**tool from cell**D5**to**D9**. - Lastly, we get results like the following image. In the image, we can see the values of
**GPA**up to two decimal places.

**Read More: How to Remove Decimals in Excel with Rounding (10 Easy Methods)**

### 2. Set Decimal Places with ROUNDUP Function

In the second method, we will use **the ROUNDUP function** to set decimal places in excel with a formula. The **ROUNDUP **function in **Excel **rounds a value up to the decimal point on the right or left. Letâ€™s see the steps to use this function.

**STEPS:**

- First, select cell
**D5**. - Next, type the following formula in that cell:

`=ROUNDUP(C5,2)`

- Hit
**Enter**. - Next, pull the
**Fill Handle**tool from cell**D5**to**D9**as well. - Finally, we obtain the following results. We can see the
**GPA**values up to two decimal places with upper rounding in the below image.

**Read More: How to Remove Decimals Without Rounding in Excel (4 Suitable Ways)**

### 3. Use Formula with Excel ROUNDDOWN Function

In this method, we will use **the ROUNDDOWN function** to set decimal places in excel with a formula. The **ROUNDDOWN **function in **Excel **rounds a number down to the nearest tenth. To use this function follow the below steps.

**STEPS:**

- Firstly, select cell
**D5**. - Secondly, insert the following formula in that cell:

`=ROUNDDOWN(C5,2)`

- Press
**Enter**. - Thirdly, drag the
**Fill Handle**tool from cell**D5**to**D10**. - Lastly, we get results up to two decimal places.

**Read More: Excel 2 Decimal Places without Rounding (4 Efficient Ways)**

### 4. Decimal Places Setting with TRUNC Function in Excel

We can also use **the TRUNC function** to set decimal places in excel with a formula. The **TRUNC **function in **Excel **truncates a number to a specified number of digits. To use this formula follow the below steps.

**STEPS:**

- To begin with, select cell
**D5**. - Additionally, enter the following formula in that cell:

`=TRUNC(C5,2)`

- Hit
**Enter**. - Furthermore, pull the
**Fill Handle**tool from cell**D5**to**D10**. - In the end, we can see the result in the following image. We get the values of
**GPA**up to two decimal places.

**Read More: ****How to Fix Decimal Places in Excel (7 Simple Ways)**

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**How to Convert Minutes to Decimal in Excel (3 Quick Ways)****Change Decimals to Percentages in Excel (4 Easy Ways)****How to Convert Hours and Minutes to Decimal in Excel (2 Cases)**

### 5. Combine FLOOR and IF Functions to Set Decimal Places

Another way to set decimal places in excel with formula is to use a combination of the **FLOOR **and **IF** functions. The **FLOOR **function in **Excel **rounds down both the integer number and decimal number to the nearest specified multiple of significance. The **IF **function is used to check if a condition is met and then the defined statements will be shown based on the given condition. Letâ€™s see the steps to combine these two functions.

**STEPS:**

- Firstly, select cell
**D5**. - Secondly, type the following formula in that cell:

`=FLOOR(C5, IF(C5>0, 0.01, -0.01))`

- Press
**Enter**. - Furthermore, drag the
**Fill Handle**tool from cell**D5**to**D9**. - As a result, in the following image, we can see the values of
**GPA**up to two decimal places.

**ðŸ”Ž**** How Does the Formula Work?**

**IF(C5>0, 0.01, -0.01):**This section calculates the value of the given numbers to two decimal places. If the value in**C5**is positive and greater than**0**, it will return**01**rather than**-0.01**.**FLOOR(C5, IF(C5>0, 0.01, -0.01)):**In this part, we use the**FLOOR function**to pass the cell number, which is**C5**as well as the**IF functionâ€™s**return value.

**Read More: How to Reduce Decimals in Excel (10 Easy Methods)**

## How to Set Decimal Places in Excel Without Formula

This section is the extension part of this article. Till now we used formulas to set decimal places in **Excel**. But, in this section, we will discuss how to set decimal places in excel without a formula.

### 1. Apply Excel â€˜Format Cellsâ€™ Option

We can use Excelâ€™s **Format Cells** option to set decimal places without a formula. To illustrate this we will use the following dataset. The dataset contains** GPAs **of five students in two semesters. Also, we can see a column showing the **CGPA **of students. We will set the values of **CGPA **up to two decimal places with the **Format Cells **option.

To do this follow the below steps.

**STEPS:**

- First, select the cell range (
**E5:E9**). - Next,
**right-click**on the selected area. - Then, click on the option
**Format Cells**.

- A new dialogue box named
**Format Cells**will appear. - Following, select the option
**Number**from the**Category** - Subsequently, set the value
**2**in the**Decimal places**. - Now, click on
**OK**.

- Finally, we get results like the following image.

**Read More: How to Insert Dot between Numbers in Excel (3 Ways)**

### 2. Utilize the â€˜Increase Decimalâ€™ and â€˜Decrease Decimalâ€™ Buttons

**Microsoft Excel** provides us with two buttons in the **Number **section of the **Home **tab. These are **Increase Decimal** and **Decrease Decimal** buttons. Using these two buttons we can easily set decimal places in excel without using formulas. To illustrate this method we will use the dataset of the previous method. Letâ€™s see the steps to perform this method.

**STEPS:**

- In the beginning, select the cell range (
**E5:E9**). - Then, go to the
**HomeÂ**tab. - After that, from the
**Number**section of the ribbon click on the â€˜**Decrease Decimal**â€™ button**thrice**.

- Finally, we can see the result in the following image. The value of
**CGPA**is set to two decimal places.

**NOTE: **Similar to the above procedure we can use the â€˜**Increase Decimal**â€™ button to increase the number of digits after the decimal point.

**Read More: How to Remove Decimal Places in Excel (5 Easy Methods)**

## Conclusion

In conclusion, this post will show you how to set decimal places in excel with a formula. To put your skills to the test, use the practice worksheet that comes with this article. Please leave a comment below if you have any questions. Our team will try to reply to you as soon as possible. In the future, keep an eye out for more unique **Microsoft Excel** solutions.