In this
article I will discuss about CEILING
function, another Mathematical function in Microsoft Excel.
In my last
article we have discussed about Floor Function
which is used to round down a number in respect to given significance.
For example, suppose Angelina Jolie earns $44,019 per day and we need to provide another incentive value on this daily earnings which will be calculated on the multiplication of $1000 rounded down (which is 'significance' in Excel).
For example, suppose Angelina Jolie earns $44,019 per day and we need to provide another incentive value on this daily earnings which will be calculated on the multiplication of $1000 rounded down (which is 'significance' in Excel).
Here we need
to use Floor function and the formula will be =FLOOR(C9,1000). (Where C9 cell contains $44,019).
Which means we
have rounded down the value towards zero / '0'.
Now if we need to
calculate the same incentive value but in rounded
up i.e., away from zero and in multiplication of $1000 (significance), then
we must use CEILING Function.
We will use
Ceiling function in Excel in this article but before that let us first
understand the syntax of Ceiling function.
How to use Ceiling Function ?
Syntax
The syntax for the CEILING function in Microsoft Excel is
same as Floor function,
=CEILING(number,
significance)
Parameters or Arguments
number
The number that you wish to round up.
Significance
The multiple
of significance that you wish to round a number to.
Example :
We will use an example to understand how to use CEILING
function.
Suppose, we have a list of a sales team with
their monthly sales. Each sales representative is allotted with the incentive
price for every $1000 sales which is 5% of the relevant sales amount, now we
need to calculate the incentive amount that will be paid to the representative
as an incentive at the end of the month but the incentive will be on higher / rounded
up of sales value.
So
if we tabulate this problem, it will be like below.
To find the relevant sales which have to be
the farthest multiple of 1000 (away from zero), we will use the CEILING
function in excel with a nearest factor of 1000.
The
formula will be : =CEILING(C3,1000)
The first part of the problem is done, now we
will also calculate the second part of the said problem by simply multiplying
it by 5%.
Hope
you have fully understood where and how to use Ceiling function,
in the above example we used CEILING function in excel to deal with
significant value and it is also useful in calculations for currency
conversions, discounts etc.
Note : If you notice carefully you
will discover that in FLOOR function the result is lower than the actual value
and in CEILING function the value gets
increased to reach the significance.
Hope you have enjoyed reading
this article ...
Keep reading, sharing &
Stay blessed ...
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