Question

In: Accounting

Problem: 2,2600 / 426200 = 0.0530267480056312 or 5.3%

Problem: 2,2600 / 426200 = 0.0530267480056312 or 5.3%

Round percentages to 1 decimal place,= I have 0.1

Making sure I rounded this to the nearest decimal.  


Solutions

Expert Solution

Yes, you have rounded off correctly to one decimal place. The rules of rounding off to the respective decimal place are given as below:-

To round to 1 decimal place:

  1. look at the first digit after the decimal point if rounding to one decimal place or the second digit for two decimal places or the third digit for three decimal place and so on for the respective decimal places.
  2. look at the next digit of the number upto which we have to round off.
  3. if the digit is 5 or more, increase the previous digit by one, for eg:- if it is one make it two and so on
  4. if the digit is 4 or less, keep the previous digit the same
  5. remove any numbers to the right of that digit.

Moreover if you want to round off 5.3% to one decimal place then the answer will be 5%


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