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In this Excel tutorial, the presenter demonstrates how to quickly remove formulas while retaining the underlying data. Using an example with companies' revenue, expenses, and net income calculated by subtracting expenses from revenue, the process is straightforward. The user selects the entire dataset, copies it, and then right-clicks to access the "Paste Special" option. By choosing "Values" in the dialog box and clicking OK, the values are pasted without the formulas. As a result, the formula bar displays only the values, confirming the formulas have been removed successfully. The presenter hints at showing additional steps in the process.