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if you are entering data into a spreadsheet for example prices of different products for a company generally prices are in dollars and cents like fifteen point three four which is fifteen dollars and thirty four cents when you enter data for each price you need to type the decimal point after entering dollar portion of price and then type these cents you can avoid typing the decimal point for each price by changing the Excel options click on file click on options click on advanced you can see automatically insert a decimal point select the checkbox now the decimal places is highlighted default is 2 but you can change if you want using the up/down arrows keep it as 2 and click on OK to save the setting now enter data into cell for example if price is $15 and 34 cents just type 1 5 3 4 no need to type decimal point you can see Excel automatically inserts the decimal point after 15 and makes it 15 point 3 4 if one of the product price is 56 cents just type 56 you can see the value is con