Round down to nearest 1000 when value ends in 500

[jstriker]

Looking for a formula that will round down to the nearest 1,000 when a value ends in 500. When a value is greater than 500 it will will round up to the nearest 1,000. I'm trying to replicate the logic in outside system so numbers tie out. Thank you in advance for your help.



57,500 = 57,000

57,501 = 58,000

 

[sxhall]

=IF(MOD(A1,1000)<=500,FLOOR(A1,1000),CEILING(A1,1000))

Evaluates the remainder first if it is less than or equal to 500, the uses floor or ceiling to the nearest 1,000.

 

[Scott Huish]

=ROUNDUP(A1-500,-3)

 

[jstriker]

Thank you both!!! Much appreciated!

 

[Fluff]

For future reference.

Cross-posting (posting the same question in more than one forum) is not against our rules, but the method of doing so is covered by #13 of the Forum Rules.

Be sure to follow & read the link at the end of the rule too!

Cross posted at: Round down to nearest 1000 when value ends in 500 (USD - $35) - OzGrid Free Excel/VBA Help Forum
There is no need to repeat the link(s) provided above but if you have posted the question at other places, please provide links to those as well.

If you do cross-post in the future and also provide links, then there shouldn’t be a problem.

 

[jstriker]

For future reference.

Cross-posting (posting the same question in more than one forum) is not against our rules, but the method of doing so is covered by #13 of the Forum Rules.

Be sure to follow & read the link at the end of the rule too!

Cross posted at: Round down to nearest 1000 when value ends in 500 (USD - $35) - OzGrid Free Excel/VBA Help Forum
There is no need to repeat the link(s) provided above but if you have posted the question at other places, please provide links to those as well.

If you do cross-post in the future and also provide links, then there shouldn’t be a problem.

Thank you for the info. My apologies. I will link in the post if this happens in the future.