I understand the two Simple Explanations, but not the Algebraic Explanation Method 1.
After the evaporating of the water, the remaining total quantity, $x$ , contains 1 lb pure potatoes and $(98/100)x$ water. The equation becomes:
$1 + \dfrac{98}{100}{x} = \color{red}{x}$
Why do we make the LHS equal to $\color{red}{x}$? In other words, I know how to devise or derive the LHS, but how can you expect to equate the LHS with $\color{red}{x}$? It just feels bizarre for $x$ to appear on both sides.
"After the evaporating of the water, the remaining total quantity x..."
This tells us that there is $x$ lb left.
"... contains 1 lb pure potatoes and (98/100)x water..."
So the remaining total quantity (as we recall, x) is $1$ lb of potato (which we can deduce to be $2\%$ of $x$) and $98\%$ water. This is the same as saying that of the remaining $x$ lb, $2\%$ of it is the $1$ lb of potato and $98\%$ of it is water.
So,
$2\%\text{ of }x + 98\%\text{ of }x = 100\%\text{ of }x$
Which is the same as saying,
$1 \text{ lb} + \frac{98}{100}x = x$ (Recall that $2\%$ of $x$ is the $1$ lb of potato)