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In this Excel tutorial, the presenter demonstrates how to remove formulas from a dataset while retaining the resulting values. Using a dataset with company revenue, expenses, and net income (calculated by subtracting expenses from revenue), the tutorial guides viewers through the process. The steps involve selecting the entire dataset, copying it, then using 'Paste Special' to choose the 'Values' option. This action replaces the formulas with their corresponding values, ensuring that only the net income value remains visible in the formula bar without the underlying formula. The tutorial aims to simplify data management in Excel.