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In this Excel tutorial, the presenter demonstrates how to quickly remove formulas from a dataset while retaining the data. Using a dataset containing company revenue, expenses, and net income (calculated as revenue minus expenses), the presenter shows how to select the entire data set, copy it, and then use the "Paste Special" option. By choosing "Values" in the Paste Special dialog box, users can paste only the values, eliminating the formulas. This results in the formula bar displaying only the values, confirming that the formulas have been removed. The tutorial provides a straightforward method for handling Excel data efficiently.