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In this Excel tips video, the presenter demonstrates how to remove formulas from a dataset while keeping the actual data intact. Using a sample dataset containing revenue, expenses, and net income values—calculated as revenue minus expenses—the process is straightforward. The user selects the entire dataset and copies it, then right-clicks to access the "Paste Special" option. In the dialog box, selecting the "Values" option allows the user to paste only the values, effectively removing the formulas. After completing this action, the formula bar only displays the values, confirming that the formulas have been eliminated.