What is the most correct way to round up a fraction?

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Say we have two rational numbers.

$a, b \in \mathbb{Q}$

If c is defined as:

$c = \tfrac{a}{b}$

What is the best (most correct) way to round up the fraction to two decimal places?

  1. By round $a$ and $b$ first
  2. By diving $a$ and $b$ as they are, and then rounding the result.

Example:

Say $a=1.541$ and $b=2.317$

We can either get:

  1. $c=\frac{1.54}{2.32} = 0.6637$, and by rounding to two decimal places, $c=0.66$

OR

  1. $c=\frac{1.541}{2.317} = 0.6650$, so by rounding to two decimal places, $c=0.67$