Round to the Nearest Cent Calculator
Use our calculator to round a price value to the nearest cent, nickel, dime, quarter, or dollar.
Rounded Value:
Joe is the creator of Inch Calculator and has over 20 years of experience in engineering and construction. He holds several degrees and certifications.
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. Dollars and cents generally assume a precision of two values to the right of the decimal point, which is a precision of one cent.
Rounding Rules
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.
$1.468
6 + 1 = 7
Then, remove the values after the hundredths place. This becomes:
$1.47
So, $1.468 rounded to the nearest cent is equal to $1.47.