diff --git a/lib/attribute.js b/lib/attribute.js
index 54c998a..52de2b7 100644
--- a/lib/attribute.js
+++ b/lib/attribute.js
@@ -412,59 +412,60 @@ validators.maximum = function validateMaximum (instance, schema, options, ctx) {
 };
 
 /**
- * Validates divisibleBy when the type of the instance value is a number.
- * Of course, this is susceptible to floating point error since it compares the floating points
- * and not the JSON byte sequences to arbitrary precision.
+ * Perform validation for multipleOf and divisibleBy, which are essentially the same.
  * @param instance
  * @param schema
- * @return {String|null}
+ * @param validationType
+ * @param errorMessage
+ * @returns {String|null}
  */
-validators.divisibleBy = function validateDivisibleBy (instance, schema, options, ctx) {
+var validateMultipleOfOrDivisbleBy = function validateMultipleOfOrDivisbleBy (instance, schema, options, ctx, validationType, errorMessage) {
   if (typeof instance !== 'number') {
     return null;
   }
 
-  if (schema.divisibleBy == 0) {
-    throw new SchemaError("divisibleBy cannot be zero");
+  var validationArgument = schema[validationType];
+  if (validationArgument == 0) {
+    throw new SchemaError(validationType + " cannot be zero");
   }
 
   var result = new ValidatorResult(instance, schema, options, ctx);
-  if (instance / schema.divisibleBy % 1) {
+
+  var instanceDecimals = helpers.getDecimalPlaces(instance);
+  var divisorDecimals = helpers.getDecimalPlaces(validationArgument);
+
+  var maxDecimals = Math.max(instanceDecimals , divisorDecimals);
+  var multiplier = Math.pow(10, maxDecimals);
+
+  if (Math.round(instance * multiplier) % Math.round(validationArgument * multiplier) !== 0) {
     result.addError({
-      name: 'divisibleBy',
-      argument: schema.divisibleBy,
-      message: "is not divisible by (multiple of) " + JSON.stringify(schema.divisibleBy),
+      name: validationType,
+      argument:  validationArgument,
+      message: errorMessage + JSON.stringify(validationArgument)
     });
   }
+
   return result;
 };
 
 /**
  * Validates divisibleBy when the type of the instance value is a number.
- * Of course, this is susceptible to floating point error since it compares the floating points
- * and not the JSON byte sequences to arbitrary precision.
  * @param instance
  * @param schema
  * @return {String|null}
  */
 validators.multipleOf = function validateMultipleOf (instance, schema, options, ctx) {
-  if (typeof instance !== 'number') {
-    return null;
-  }
-
-  if (schema.multipleOf == 0) {
-    throw new SchemaError("multipleOf cannot be zero");
-  }
+ return validateMultipleOfOrDivisbleBy(instance, schema, options, ctx, "multipleOf", "is not a multiple of (divisible by) ");
+};
 
-  var result = new ValidatorResult(instance, schema, options, ctx);
-  if (instance / schema.multipleOf % 1) {
-    result.addError({
-      name: 'multipleOf',
-      argument:  schema.multipleOf,
-      message: "is not a multiple of (divisible by) " + JSON.stringify(schema.multipleOf),
-    });
-  }
-  return result;
+/**
+ * Validates multipleOf when the type of the instance value is a number.
+ * @param instance
+ * @param schema
+ * @return {String|null}
+ */
+validators.divisibleBy = function validateDivisibleBy (instance, schema, options, ctx) {
+  return validateMultipleOfOrDivisbleBy(instance, schema, options, ctx, "divisibleBy", "is not divisible by (multiple of) ");
 };
 
 /**
diff --git a/lib/helpers.js b/lib/helpers.js
index 422abd2..4b28543 100644
--- a/lib/helpers.js
+++ b/lib/helpers.js
@@ -288,3 +288,38 @@ exports.encodePath = function encodePointer(a){
 	// the slash is encoded by encodeURIComponent
 	return a.map(pathEncoder).join('');
 };
+
+
+/**
+ * Calculate the number of decimal places a number uses
+ * We need this to get correct results out of multipleOf and divisibleBy
+ * when either figure is has decimal places, due to IEEE-754 float issues.
+ * @param number
+ * @returns {number}
+ */
+exports.getDecimalPlaces = function getDecimalPlaces(number) {
+
+  var decimalPlaces = 0;
+  if (isNaN(number)) return decimalPlaces;
+
+  if (typeof number !== 'number') {
+    number = Number(number);
+  }
+
+  var parts = number.toString().split('e');
+  if (parts.length === 2) {
+    if (parts[1][0] !== '-') {
+      return decimalPlaces;
+    } else {
+      decimalPlaces = Number(parts[1].slice(1));
+    }
+  }
+
+  var decimalParts = parts[0].split('.');
+  if (decimalParts.length === 2) {
+    decimalPlaces += decimalParts[1].length;
+  }
+
+  return decimalPlaces;
+};
+
diff --git a/test/attributes.js b/test/attributes.js
index b29154b..2824255 100644
--- a/test/attributes.js
+++ b/test/attributes.js
@@ -190,7 +190,7 @@ describe('Attributes', function () {
     });
   });
 
-  describe('dividibleBy', function () {
+  describe('divisibleBy', function () {
     beforeEach(function () {
       this.validator = new Validator();
     });
@@ -206,6 +206,32 @@ describe('Attributes', function () {
     it('should not validate 1 is even', function () {
       return this.validator.validate(1, {'type': 'number', 'divisibleBy': 2}).valid.should.be.false;
     });
+
+    it('should validate divisibleBy with decimals', function () {
+      return this.validator.validate(2.4, {'type': 'number', 'divisibleBy': 0.1}).valid.should.be.true;
+    });
+  });
+
+  describe('multipleOf', function () {
+    beforeEach(function () {
+      this.validator = new Validator();
+    });
+
+    it('should validate if 0 is even', function () {
+      return this.validator.validate(2, {'type': 'number', 'multipleOf': 2}).valid.should.be.true;
+    });
+
+    it('should validate if -2 is even', function () {
+      return this.validator.validate(-2, {'type': 'number', 'multipleOf': 2}).valid.should.be.true;
+    });
+
+    it('should not validate 1 is even', function () {
+      return this.validator.validate(1, {'type': 'number', 'multipleOf': 2}).valid.should.be.false;
+    });
+
+    it('should validate mutlipleOf with decimals', function () {
+      return this.validator.validate(2.4, {'type': 'number', 'multipleOf': 0.1}).valid.should.be.true;
+    });
   });
 
   describe('pattern', function () {