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In this Excel tutorial, the presenter demonstrates how to quickly remove formulas while retaining the data. Starting with a dataset of companies that includes revenue, expenses, and net income calculated by subtracting expenses from revenue, the presenter emphasizes the simplicity of the process. To remove the formulas, the user selects the entire dataset and copies it. Then, by choosing "Paste Special" and selecting the "Values" option, the formulas are removed, leaving only the numerical values. After this action, the formula bar displays only the retained values, confirming that the formulas have been successfully eliminated.