MS Excel
If you need to remove only the formatting done in a range (numbers and formula typed there should not be removed), you must

Click on Remove Formatting tool on Standard Toolbar
From Edit menu choose Clear and then Formats
From Edit menu choose Delete
Double click the Format Painter and then press Esc key in keyboard

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MS Excel
You can edit a cell by

None of these
Selecting Edit > Edit cell from the menu
Clicking the formula button
Double clicking the cell to edit it in place

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