As stated in the question, every time the paper is folded/cut the number of pieces doubles.
So the number of pieces at the left end proceeds as follows:
1 2 4 8 16 32 64 128 256
After 7 folds and cuts there will be 128 pieces of paper each with two numbers, one stacked on the leftmost square and the other immediately to the right.
The topmost number on the left is the one in the 128th position from the bottom after the 8th and final fold/cut.
This number was the bottommost number on the right after the 6th fold/cut.
As the folds are made, the rightmost number on the bottom strip of paper reduces backwards from 256 as the numbers to its right are brought to the top due to the folding, as follows
256 128 64 32 16 8 4 2 1
After 6 folds, the rightmost number on the bottom will be 4, which will be the number 128th from the bottom after all numbers are stacked to the left.
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