Round to the Nearest Cent Calculator

Round Price Values

Enter a price value and select the rounding option to get the rounded result.

Enter price value:

Please enter a valid price value.

Round to:

How to Round to the Nearest Cent

Rounding to the nearest cent is a fundamental operation in financial calculations and everyday transactions. This process involves adjusting a decimal price to the nearest hundredth of a dollar (0.01).

Quick Tip: When rounding to cents, look at the third decimal place:

If it's 5 or greater, round up
If it's less than 5, round down

Formula and Rules

General Rounding Formula:

\[ \text{Rounded Value} = \text{round}(\frac{\text{Price}}{\text{Rounding Unit}}) \times \text{Rounding Unit} \]

Where:

Price: Original price value (e.g., $3.678)
Rounding Unit: Target precision
- Cent: 0.01
- Nickel: 0.05
- Dime: 0.10
- Quarter: 0.25
- Dollar: 1.00

Step-by-Step Process

Detailed Calculation Steps

Identify the rounding unit (0.01 for cent)
Divide the price by the rounding unit
Round the result to the nearest integer
Multiply by the rounding unit to get final price

Interactive Example

Example: Rounding $3.678 to nearest cent

Step 1: Rounding Unit = $0.01

Step 2: $3.678 ÷ $0.01 = 367.8

Step 3: round(367.8) = 368

Step 4: 368 × $0.01 = $3.68

Original Value Rounded Value Rounding Direction