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In this Excel tutorial, the presenter demonstrates how to remove formulas while retaining the data. Using a dataset with revenue, expenses, and net income (calculated by subtracting expenses from revenue), the process begins with selecting the entire dataset. After copying the selection, the user right-clicks and selects "Paste Special," choosing the "Values" option in the dialog box. Upon clicking OK, the data is pasted without the original formulas, leaving only the values in the cells. The tutorial highlights that the formula bar will now display just the value, confirming that the formulas have been successfully removed.