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In this Excel tutorial, the presenter demonstrates how to hide formulas in a worksheet. To begin, select the entire worksheet and go to Format, then Format Cells. In 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 choose Go To Special, and select Formulas before clicking OK. After the formula cells are selected, the tutorial advises formatting these cells again by accessing the Format Cells option. This process ensures that when a user clicks on a cell with a formula, it appears empty, effectively hiding the formula from view.