How to use FLOOR function in Excel

Summary In this tutorial, you'll learn how to use the FLOOR function in Excel, a math function that rounds a number down to the nearest multiple of a specified factor. This function is especially useful for data analysts, finance professionals, or anyone interested in honing their Excel skills.

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Step 1: Understanding the FLOOR Function

First, it's crucial to understand what the FLOOR function does. This function rounds a number down towards zero, to the nearest multiple of a given factor. The syntax is: FLOOR(number, significance).

• number: The number you want to round.
• significance: The multiple to which you want to round.

For more information, visit the Microsoft Office documentation.

Step 2: Open Excel and Input Your Data

Open a new Excel workbook and input your data into two cells. For instance, place the number you want to round in cell A1 and the significance in cell B1.

Step 3: Apply the FLOOR Function

Select a new cell where you want the result to be displayed, such as cell C1. Type =FLOOR(A1, B1) and press Enter.

Step 4: Interpret the Result

Excel will calculate the FLOOR function and present the result in cell C1. This value represents the rounded down number based on the significance you've set, which can be interpreted in the context of your specific requirements.

Step 5: Adjust and Experiment as Required

Feel free to adjust the input values or extend the use of the function to other data in your workbook. With the FLOOR function, you can perform precise calculations that are useful in numerous fields like data analysis and finance.

For more insights on Excel's mathematical functions, refer to this LinkedIn Learning Course.