Round to the Nearest Cent Calculator
Use our calculator to round a price value to the nearest cent, nickel, dime, quarter, or dollar.
How to Round to the Nearest Cent
Rounding price values to the nearest cent is a way to represent a dollar value using only two significant figures to the right of the decimal. Rounding to the nearest cent allows very-precise price values to be used with more conventional systems that support only whole cents in a price.
Rounding helps to approximate values to whole dollars and cents, which is what most people and systems rely on for pricing. Performllars and cents generally assume a precision of two values to the right of the decimal point, which is a precision of one cent.
When rounding prices to the nearest whole cent, you need to use the rules for rounding.
- Look at the digit immediately to the right of the value in the hundredths place in the decimal.
- If the digit immediately to the right of the desired decimal place or whole number is 5 or greater, add 1 to the number in the hundredths place.
- Remove all of the numbers to the right of the hundredths place.
You can round a number to the nearest cent by looking at the number in the hundredths place and the number immediately to the right.
If the number in the thousandths place is 5 or greater, add 1 to the number in the hundredths place. Then, remove the numbers to the right of the hundredths place.
For example, let’s round $1.468 to the nearest cent.
Since the number to the right of the hundredths place is 8, we need to add 1 to the number in the hundredths place.
6 + 1 = 7
Then, remove the values after the hundredths place. This becomes:
So, $1.468 rounded to the nearest cent is equal to $1.47.