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In this Excel tutorial, the presenter demonstrates how to remove formulas while retaining their resulting data. Using an example dataset of companies with revenue, expenses, and net income, the presenter explains that net income is calculated by subtracting expenses from revenue. To eliminate the formulas and keep only the values, the user should select the entire dataset, copy it, then right-click and choose "Paste Special." In the dialog box, selecting the "Values" option and clicking OK will paste just the values, removing the formulas. This leaves only the numerical values in the cells, as confirmed by checking the formula bar post-operation.