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In this Excel tutorial, the presenter demonstrates how to remove formulas while retaining the data. Using a dataset with company revenue, expenses, and net income (calculated as revenue minus expenses), the educator shows how to eliminate formulas for net income. To do this, users should select the entire dataset, copy it, right-click, and choose "Paste Special." In the dialog box, selecting the "Value" option allows users to paste only the values, effectively removing the formulas. After this action, the formula bar will display only the value, confirming that the formulas have been removed successfully.