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In this tutorial, viewers learn how to hide formulas in Microsoft Excel. The presenter begins by demonstrating a worksheet where a formula is visible in a selected cell. To hide the formula, users should first select the entire worksheet and access the Format Cells option under the Format menu, ensuring the 'Locked' option is unchecked. After confirming, they must select the cells containing formulas by going to the Home tab, clicking on Find & Select, and then choosing Go To Special, followed by selecting Formulas. Finally, these selected cells are re-formatted to hide the formulas. The tutorial emphasizes the straightforward steps needed to protect sensitive formula data.