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In this Excel tutorial, the presenter, Mad Pencil, demonstrates how to remove formulas from a dataset while retaining the values. Using a sample dataset comprising companies' revenue, expenses, and net income (calculated as revenue minus expenses), he explains the process step by step. First, the entire dataset is selected and copied. Next, by right-clicking and choosing "Paste Special," the "Values" option is selected, which pastes only the values and deletes the original formulas. As a result, when checking the formula bar, only the values remain visible, confirming that the formulas have been successfully removed.