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In this video tutorial, the presenter explains how to remove dollar signs and decimal points from cells in Excel. They demonstrate using an example bill with values in a column that includes dollar signs. To remove the dollar sign from individual cells, the user needs to select the cell, right-click, choose the "Format Cells" option, navigate to "Currency," select "None" under the symbol, and then click OK. They advise repeating this process for other affected cells. For removing dollar signs from an entire column, the user should first select the whole column before applying the same formatting changes.