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In this Excel tutorial, the presenter explains how to remove formulas while retaining the data values. Starting with a dataset that includes revenue, expense, and net income calculated through formulas, the process is outlined as follows: First, select the entire dataset and copy it. Then, right-click and choose "Paste Special." In the dialog box, select the "Values" option and click OK. This action pastes the values only, eliminating the formulas. After this, checking the formula bar will confirm that only the values remain, and the formulas have been removed. The tutorial promises further demonstrations on similar techniques.