FLOOR.PRECISE: Excel Formulas Explained

Excel is an incredibly powerful tool and is used in millions of businesses around the world. But, as with any tool, it can be a bit confusing to use at first. There are a ton of formulas and functions that you need to understand in order to get the most out of your Excel spreadsheets.

One function that you might not be all that familiar with is the FLOOR.PRECISE function. This function is incredibly useful when you’re working with numbers that need to be rounded down to a certain number of decimal places.

What is FLOOR.PRECISE?

First things first: What exactly is FLOOR.PRECISE? Essentially, this function allows you to round a number down to a certain number of decimal places. The “.PRECISE” part of the function name refers to the fact that you can round to a specific number of decimal places.

Let’s say, for example, that you have a number in cell A1 and you want to round it down to two decimal places. You could use the FLOOR.PRECISE function in this way:

=FLOOR.PRECISE(A1,0.01)

This formula will take the value in cell A1 and round it down to the nearest hundredth.

But why might you need to use this function? Well, imagine that you’re working with financial data and you want to round down to the nearest cent. Or, maybe you’re dealing with measurements and you want to round down to the nearest sixteenth of an inch. The FLOOR.PRECISE function makes it easy to do so.

How to Use FLOOR.PRECISE

Using the FLOOR.PRECISE function is very straightforward. Here’s the syntax:

=FLOOR.PRECISE(number, significance)

“Number” is the value that you want to round down, and “significance” is the interval to which you want to round. For example, if you want to round down to the nearest hundredth, you would use 0.01 as the significance.

Let’s go through an example together. Say that you have a column of numbers that you want to round down to the nearest dollar. Here’s what you would do:

1. Select the cell where you want to display the rounded number.
2. Type the following formula:

   =FLOOR.PRECISE(cell,1)

3. Replace “cell” with the cell reference of the number that you want to round down.
4. Press “Enter” on your keyboard, and you’ll see the rounded number displayed in the selected cell.

That’s it! You’ve successfully used the FLOOR.PRECISE function.

The Benefits of Using FLOOR.PRECISE

So, why might you want to use FLOOR.PRECISE instead of just using the regular FLOOR function? Well, there are a few benefits:

• FLOOR.PRECISE allows you to round to a specific number of decimal places, whereas FLOOR can only round to whole numbers.
• FLOOR.PRECISE is more precise than FLOOR, as it takes into account decimal places in the significance argument.
• FLOOR.PRECISE is more versatile than FLOOR, as it allows you to round to any interval that you specify.

Ultimately, whether or not you want to use FLOOR.PRECISE will depend on your needs. But, if you find yourself needing to round down to a specific number of decimal places, then this function is definitely worth considering.

Conclusion

The FLOOR.PRECISE function is a powerful tool that can help you round down numbers to a specific number of decimal places. Whether you’re working with financial data, measurements, or anything else that requires precision, this function is worth taking the time to learn how to use. While it might take a bit of practice to get the hang of, once you’ve got it down, you’ll be able to make use of it in all kinds of situations.

So, go ahead and give it a try! With a bit of patience and determination, you’ll be an Excel pro in no time.