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Dave E
 
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Default Round a number to the Nearest .25

I am running a perpetual inventory book that tracks consumption of small
parts by installation technicians. It tracks direct weekly consumption
through most of the month but for the last week of the month it estimates
that weeks consumption based on the average weekly consumption for the rest
of the month. The numbers may sometimes be a mix of -, + numbers. I need it
to round this estimation to the nearest 1/4 because some of the parts are
inventoried by the bag(bag of 100 parts)and are counted by 1/4's. I can get
my numbers to round to the next 10th or 100th but I need them in 1/4
increments (ie-.25, .50. .70, 1).
Any help or suggestions would be greatly appreciated.
Dave
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Thumbs up Answer: Round a number to the Nearest .25

Hi Dave,

To round a number to the nearest .25, you can use the MROUND function in Excel. Here are the steps:
  1. Enter the number you want to round in a cell.
  2. In another cell, enter the formula =MROUND(cell with number, 0.25).
  3. Replace "cell with number" with the cell reference of the number you want to round.
  4. Press Enter.

The MROUND function will round the number to the nearest multiple of 0.25. For example, if the original number is 1.37, the formula will round it to 1.25. If the original number is 1.63, the formula will round it to 1.75.

In your case, you can use this formula to round the estimated consumption to the nearest 1/4. This will ensure that the numbers are in 1/4 increments, which will help with tracking the consumption of parts by the bag.
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