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In this tutorial, the presenter explains how to hide formulas in Microsoft Excel. To start, select the entire worksheet and go to Format Cells in the Protection tab to uncheck the "Locked" option. After confirming, use the Home tab to access Find and Select, then choose Go To Special to select all cells containing formulas. Once the formula cells are highlighted, return to Format Cells to adjust their settings for protection. The goal is to ensure that when clicking on the cells with formulas, they appear empty, preventing others from viewing the actual formulas used.