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In this tutorial, Alex Spencer demonstrates basic formulas for the Numbers spreadsheet program on Mac OS. Formulas are essential for converting raw data into valuable information, and they are more accurate than manual calculations. By using mathematical operators, you can create your formulas or take advantage of built-in functions for efficiency. To track revenue for a small business, columns for gross sales, expenses, and net profit are created for each weekday. Starting with sales data from the previous week, Monday had $200 in sales and no expenses.