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In this Excel tips video, the presenter demonstrates how to quickly remove formulas while retaining the data in Excel. Using a dataset that includes revenue, expenses, and net income (calculated by subtracting expenses from revenue), the presenter explains the process step-by-step. To keep only the net income values without the formulas, you first select the entire dataset and copy it. Then, by right-clicking and choosing "Paste Special," you can select the "Values" option from the dialog box. Clicking OK will paste just the values, eliminating the formulas. The presenter confirms this by checking the formula bar, which now displays only the value.