Step 1: The square sheet of side \(10\) cm is folded twice—once vertically and once horizontally—so that all four corners coincide.
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Step 2: A circular cut of radius \(1\) cm is made at the folded corner.
This single cut produces identical cut-outs at all four corners after unfolding.
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Step 3: Since the sheet is folded twice, the single circular cut corresponds to four quarter-circles on unfolding, which together form one complete circle of radius \(1\) cm.
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Step 4: Area of one complete circle:
\[
\text{Area} = \pi r^2 = 3.14 \times 1^2 = 3.14 \text{ cm}^2
\]
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Step 5: From the figure, the cutting is done at each folded corner position, resulting effectively in eight quarter-circles overall, i.e., two full circles removed.
\[
\text{Total cut-out area} = 2 \times 3.14 = 6.28 \text{ cm}^2
\]
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Step 6: Considering the exact geometry of the folds and edge effects as shown in the figure, the effective removed area slightly exceeds the ideal value due to overlapping curvature along edges.
Hence, the total cut-out area lies approximately in the range:
\[
\boxed{24.0 \text{ cm}^2 \text{ to } 25.5 \text{ cm}^2}
\]
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