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In this video tutorial, the presenter demonstrates how to remove dollar signs and decimals from cells in Excel. They provide an example with a bill where specific cells contain dollar signs. To remove the dollar sign from an individual cell, select the cell, right-click, and choose the "Format Cells" option. Within the format menu, go to the "Currency" section, select "Symbol," choose "None," and click "OK." This process is repeated for other cells. For removing dollar signs from an entire column, the presenter suggests selecting the entire column and applying the same formatting steps.