1. Truncate product cost to 2 decimal places
| SKU | Cost |
| A001 | 12.5625 |
=TRUNC(E2, 2)Result: 12.56
TRUNC(12.5625, 2) keeps only two decimal places and removes everything beyond. The result is 12.56, not 12.57—unlike ROUND, TRUNC simply discards the extra digits. This is useful when you need precise decimal truncation for display without rounding uncertainty.