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In this Excel tutorial, the instructor demonstrates how to hide formulas in a worksheet. To begin, select the entire worksheet, navigate to the "Format" option, and then choose "Format Cells." In the "Protection" tab, uncheck the "Locked" option and click "OK." Next, to identify cells containing formulas, go to the "Home" tab, select "Find and Select," and click "Go To Special," then choose "Formulas" and click "OK." This action will highlight all cells with formulas. Finally, format these selected cells again by accessing "Format Cells" under the "Home" tab to complete the process of hiding the formulas effectively.