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In this Excel tutorial, the presenter explains how to hide formulas in a worksheet. To begin, select the entire worksheet and navigate to Format > Format Cells, then uncheck the "Locked" option in the Protection tab, and click OK. Next, to find cells containing formulas, go to the Home tab, click on Find & Select, then choose Go To Special, and select Formulas. After selecting the cells with formulas, go to Format > Format Cells again to make additional changes. This process ensures that when a cell with a formula is clicked, the formula is hidden from view, preventing others from seeing it.