Suppose cells A5 and B5 contain the values 35000 and 100 respectively. In cell C5, if we apply the formula = IF (A5 <>20000, B5* 10%, B5* 20%), what will be the result in C5?

In cell A5, you have the value 35000, and in cell B5, you have the value 100. You are using the IF formula in cell C5 with the following logic:

`=IF(A5 <> 20000, B5 * 10%, B5 * 20%)`

Here's how this formula works:

1. It checks whether the value in cell A5 is not equal to 20000.
2. If A5 is not equal to 20000, it will calculate `B5 * 10%` (which means 10% of the value in cell B5) and return that value.
3. If A5 is equal to 20000, it will calculate `B5 * 20%` (which means 20% of the value in cell B5) and return that value.

In this case, A5 contains 35000, which is not equal to 20000. So, the formula will calculate `B5 * 10%`, which is 100 * 10% = 10.

Therefore, the result in cell C5 will be 10.