I want to prove that there exists a positive number $x$ such that $x - \dfrac{2}{x} <1$ and $x \leq 2$.
Starting a proof by contradiction, I assumed that there is a positive number x such that x - (2/x) > 1 and x <= 2. I multiplied the first inequality by x and got x^2 - x - 2 > 0. I'm confused where to go from here and how to use the fact that x must also be less than or equal to 2.
Take ANY positive number such that:
$$x<2\tag{1}$$
This implies:
$$\frac2x>\frac{2}{2}$$
$$\frac2x>1$$
$$-\frac2x<-1\tag{2}$$
Add (1) and (2) and you get:
$$x-\frac2x<1$$
Actually all positive numbers less than 2 are solutions to your problem. The only exception is $x=2$.