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In this Excel 10 tutorial, the presenter demonstrates how to add and remove strikethrough formatting in Microsoft Excel. To add a strikethrough, select the desired cells, click on the arrow button to open the Format Cells dialog box, check the strikethrough option under Effects, and click OK. The selected cells will then display strikethrough formatting. To remove it, repeat the process, uncheck the strikethrough option, and click OK to revert to the original appearance. The tutorial encourages viewers to subscribe for more content and mentions a playlist for learning Microsoft Excel VBA.