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In this Excel tutorial, the presenter demonstrates how to remove formulas while retaining data. Starting with a dataset that includes revenue, expenses, and net income (calculated by subtracting expenses from revenue), the tutorial advises selecting the entire dataset and copying it. The next step is to use "Paste Special," where the "Values" option is selected. By clicking "OK," the pasted data will consist of values only, eliminating the original formulas. The presenter confirms this by showing that the formula bar now displays only the value, not the formula. This method allows users to preserve calculations while simplifying their data.