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The video tutorial demonstrates how to create an auto-calculated invoice in Microsoft Word. Users often manually calculate values for product price and quantity in invoices, but setting up auto-calculated formulas can streamline this process. In the tutorial, the presenter shows how to use the formula function in Word to automatically calculate the total price based on the quantity and unit price entered. The tutorial also covers calculating subtotal, tax, and grand total in an invoice format. Steps include selecting the cell, going to the home tab, clicking on layout, and choosing the product function to multiply quantity and unit price.