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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, then Format Cells. In the Protection tab, uncheck the "Locked" option and click OK. Next, to select all cells containing formulas, go to the Home tab, use "Find and Select," and choose "Go To Special," then select "Formulas" and click OK. This action will highlight all the cells with formulas. The next step involves formatting these selected cells again via Format Cells to apply the hiding process. The tutorial aims to ensure that while the formulas remain functional, they are not visible to users interacting with the sheet.