Bunuel
For GMAT if the first dropped digit is 5 or more you ROUND UP the last digit that you keep and if the first dropped digit is less than 5 you KEEP THE SAME the last digit that you keep..
Hi Bunuel, where did you get the statement above ? OG10, 11, or 12? I am trying to look for it. Here is what I found from a math website, please read Rule Three carefully:
Rule One. Determine what your rounding digit is and look to the right side of it. If the digit is 0, 1, 2, 3, or 4 do not change the rounding digit. All digits that are on the right hand side of the requested rounding digit will become 0.
Rule Two. Determine what your rounding digit is and look to the right of it. If the digit is 5, 6, 7, 8, or 9, your rounding digit rounds up by one number. All digits that are on the right hand side of the requested rounding digit will become 0.
Rounding with decimals: When rounding numbers involving decimals, there are 2 rules to remember:
Rule One Determine what your rounding digit is and look to the right side of it. If that digit is 4, 3, 2, or 1, simply drop all digits to the right of it.
Rule Two Determine what your rounding digit is and look to the right side of it. If that digit is 5, 6, 7, 8, or 9 add one to the rounding digit and drop all digits to the right of it.
Rule Three: Some teachers prefer this method:
This rule provides more accuracy and is sometimes referred to as the 'Banker's Rule'. When the first digit dropped is 5 and there are no digits following or the digits following are zeros, make the preceding digit even (i.e. round off to the nearest even digit). E.g., 2.315 and 2.325 are both 2.32 when rounded off to the nearest hundredth. Note: The rationale for the third rule is that approximately half of the time the number will be rounded up and the other half of the time it will be rounded down.