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In this Excel tutorial, the presenter explains how to hide formulas in a worksheet. First, select the entire worksheet and access the Format Cells option. Under the Protection tab, uncheck the "Locked" option and click OK. Next, to select all cells containing formulas, navigate to the Home tab, click on Find and Select, then Go To Special, and choose "Formulas." Once all formula cells are selected, go back to Format Cells and apply the desired protection settings. This ensures that when a user clicks on a cell with a hidden formula, it appears blank, preventing others from viewing the actual formula.