Quantitative Literacy Practice Exam 2026 – Comprehensive Preparation Guide

Rounding to the nearest hundredth involves looking at the third decimal place (the thousandths place) to determine how to round the second decimal place (the hundredths place). If the third decimal is 5 or higher, the value in the hundredths place is increased by one. If it's lower than 5, the hundredths place remains unchanged.

In this case, if the unit price being rounded is, for example, 0.345, the third decimal place is 5. Therefore, the hundredths place (4) increases by one, resulting in a rounded unit price of 0.35.

If the value were 0.344, the third decimal would be 4, which means the rounded hundredths place wouldn't change, leading to a rounded price of 0.34.

The choice that accurately reflects the rounding rules and results in a rounded value of 0.34 demonstrates a correct application of rounding to the nearest hundredth.