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In this Excel tutorial, the presenter demonstrates how to quickly remove formulas while retaining the data. Using a sample dataset including revenue, expense, and net income (calculated as revenue minus expense), the tutorial explains the steps to eliminate the formulas. First, the entire dataset is selected and copied. Then, the user right-clicks to access the "Paste Special" option and selects "Values" from the dialog box. By confirming this action, the formulas are removed, and only the values remain in the cells, as shown when the formula bar displays the value instead of the formula. The tutorial assures that this process is straightforward and effective for data management in Excel.