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In this Excel tutorial, the presenter demonstrates how to quickly remove formulas from a dataset while retaining the data values. The example involves a table displaying revenue, expenses, and net income, which is calculated by subtracting expenses from revenue. To remove the formulas, the user needs to select the entire dataset and copy it. Then, by right-clicking and choosing "Paste Special," they can select the "Values" option. Clicking "OK" pastes only the values, eliminating the formulas. The final step confirms that the formula bar displays only the values, indicating successful removal of the formulas.