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In this video tutorial, the presenter demonstrates how to remove the dollar sign and decimal formatting from cells in Excel. Starting with a sample bill, the focus is on a specific column with amounts that include dollar signs. To remove the dollar sign from individual cells, the user is instructed to select the cell, right-click, choose "Format Cells," navigate to "Currency," select "None" under the symbol, and click "OK." This process is repeated for other cells. To remove the dollar sign from an entire column, the presenter suggests selecting the entire column and following the same steps.