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In this Excel tutorial, the instructor demonstrates how to hide formulas in a worksheet. First, the entire worksheet is selected, and the "Format Cells" option is accessed to uncheck the "Locked" option under the Protection tab. After clicking OK, the next step is selecting all cells that contain formulas. This is done by navigating to the Home tab, clicking "Find and Select," then "Go To Special," and selecting "Formulas." Once all formula cells are selected, the instructor revisits the "Format Cells" option to apply the necessary formatting to ensure the formulas remain hidden.