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In this Excel 10 tutorial, the presenter demonstrates how to add and remove strikethrough formatting in Microsoft Excel. The process begins by selecting the desired cells, then clicking on the arrow button to open the Format Cells dialog box. In the Effects section, the strikethrough option can be checked. After clicking OK, the selected cells will show a strikethrough. To remove the strikethrough, the presenter shows how to access the dialog box again, uncheck the strikethrough option, and click OK to revert the cells to normal. The tutorial concludes with a reminder to subscribe and an invitation to check out a VBA playlist for further learning.