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The exact method behind this answer
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Rounded value = round(value ÷ increment) × increment for nearest rounding. Use ceiling(value ÷ increment) × increment to round up, or floor(value ÷ increment) × increment to round down.- Apply the formulaRounded value = round(value ÷ increment) × increment for nearest rounding. Use ceiling(value ÷ increment) × increment to round up, or floor(value ÷ increment) × increment to round down.123.46123.4567 ÷ 0.01 = 12,345.67; nearest step 12,346 × increment = 123.46.