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In this tutorial, Sofiane, a digital signature and workflow automation consultant, demonstrates how to set up formula fields in docHub. He shows how to create simple or advanced formula fields to calculate dates and numbers. Using an example of a car rental company, he explains how to create dropdown menus for car models and colors, as well as a field for booking duration. The goal is to calculate the total cost for customers. Sofiane explains why he chooses dropdown menus over radio buttons for this purpose.