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In this Excel tutorial, the presenter demonstrates how to quickly remove formulas while retaining the data. Using a dataset with company revenues, expenses, and net income (calculated by subtracting expenses from revenue), the process involves selecting the entire data set, copying it, and then using the "Paste Special" option. In the dialog box, choosing "Values" and clicking OK pastes only the values, effectively removing the formulas. Consequently, when you select the cell, the formula bar displays only the value, confirming that the formula has been removed.