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In this Excel tutorial, the presenter demonstrates how to remove formulas while retaining data. Using a dataset that includes revenue, expenses, and net income—calculated by subtracting expenses from revenue—the presenter highlights the formula in the net income cell. To remove the formula but keep the net income value, the steps are as follows: select the entire dataset, copy it, right-click, and choose "paste special." In the paste special dialog, selecting the "values" option and clicking OK pastes only the values, eliminating the formulas. After completing these steps, the formula bar will display the value instead of the formula, confirming its removal.