The FLOOR.PRECISE function in Excel is designed to round down a number to the nearest integer or specified multiple. This function is particularly useful when needing to ensure that the results conform to certain levels or intervals, making it a valuable tool for financial, statistical, and operational calculations.

Syntax

FLOOR.PRECISE(number, [significance])

• number: The value you want to round down.
• significance: (Optional) The multiple to which you want to round. If omitted, the function defaults to 1.

Example #1

FLOOR.PRECISE(5.7)

This function rounds the number 5.7 down to the nearest integer, resulting in 5.

Example #2

FLOOR.PRECISE(8.3, 2)

Here, the function rounds down 8.3 to the nearest multiple of 2, giving a result of 8.

Example #3

FLOOR.PRECISE(-3.3)

In this case, the function rounds -3.3 down to the nearest integer, producing a result of -4.

Error handling

• NUM!: Occurs if the significance is 0 or a non-numeric value. Ensure that the significance parameter is a valid number.
• VALUE!: This error arises if the input is not a number. The input must be a numeric value for the function to work.

Conclusion

The FLOOR.PRECISE function is a versatile tool for rounding numbers down in Excel, whether for financial calculations or data analysis. Its ability to round to specific multiples enhances precision in various applications. By understanding its syntax and function, users can easily implement it in their Excel spreadsheets for better data management.