Consider $\mathbb{C}[x]/(x^2-x)$. Why do we have for the localization at $x-1$ that $$(\mathbb{C}[x]/(x^2-x))_{x-1} \cong \mathbb{C}?$$
We are essentially inverting at $\{1, x-1, (x-1)^2, (x-1)^3, \dots \}$, but I don't see how we end up with $\mathbb{C}$ in the end?
I don't think it's a bad idea to work through this explicitly, to get comfortable with the definitions.
First, let's understand what $(\mathbb C[x] / (x^2 - x))_{x-1}$ actually is. This ring is a little tricky to understand, since we're dealing with a localisation of a quotient.
Each element in $(\mathbb C[x] / (x^2 - x))_{x-1}$ takes the form $$ \frac{[f(x)]_{\text{mod }(x^2 - x)}}{[(x-1)^n]_{\text{mod }(x^2 - x)}},$$ where $f(x)$ is some polynomial in $\mathbb C[x]$ and $n \in \mathbb N$.
And how do we determine if two elements in $(\mathbb C[x] / (x^2 - x))_{x-1}$ are equal? By the definition of localisation, we have $$ \frac{[f(x)]_{\text{mod }(x^2 - x)}}{[(x-1)^n]_{\text{mod }(x^2 - x)}} = \frac{[g(x)]_{\text{mod }(x^2 - x)}}{[(x-1)^m]_{\text{mod }(x^2 - x)}}$$ if and only if $$[(x-1)^{m + l}f(x) - (x-1)^{n + l} g(x)]_{\text{mod }(x^2 - x)} = 0$$ for some $l \in \mathbb N.$
Now let's prove that $(\mathbb C[x] / (x^2 - x))_{x-1}$ is isomorphic to $\mathbb C$.
Let $p : (\mathbb C[x] / (x^2 - x))_{x-1} \to \mathbb C$ be the homomorphism that evaluates elements in $(\mathbb C[x] / (x^2 - x))_{x-1}$ at $x = 0$. In other words, $p$ is the homomorphism that sends $$ \frac{[f(x)]_{\text{mod }(x^2 - x)}}{[(x-1)^n]_{\text{mod }(x^2 - x)}} \mapsto \frac{f(0)}{(0 - 1)^n} = (-1)^{-n} f(0).$$
This $p$ is well-defined: the answer that our definition gives us is independent of how the element of $(\mathbb C[x] / (x^2 - x))_{x-1}$ is represented. Indeed, if $$ \frac{[f(x)]_{\text{mod }(x^2 - x)}}{[(x-1)^n]_{\text{mod }(x^2 - x)}} = \frac{[g(x)]_{\text{mod }(x^2 - x)}}{[(x-1)^m]_{\text{mod }(x^2 - x)}},$$ then $$(x-1)^{m+l}f(x) - (x-1)^{n+l} g(x) = (x^2 - x)h(x)$$ for some $l \in \mathbb N$ and for some $h(x) \in \mathbb C[x]$. Since $x^2 - x$ evaluates to zero at $x = 0$, this implies that $$(-1)^{-n} f(0) = (-1)^{-m} g(0),$$ which shows that the result of acting on our element with $p$ is independent of how the element is represented.
It is easy to see that $p$ really is a ring homomorphism, like I claimed.
Clearly, $p$ is surjective. Indeed, for any $c \in \mathbb C$, the element $[c]_{\text{mod }(x^2 - x)} / [1]_{\text{mod }(x^2 - x)}$ evaluates to $c$ at $x = 0$.
The kernel of $p$ consists of elements of the form $$\frac{[x r(x)]_{\text{mod }(x^2 - x)} }{[(x - 1)^n]_{\text{mod }(x^2 - x)}}$$ where $r(x) \in \mathbb C[x]$. But such an element can be written as $$ \frac{[x(x-1) r(x)]_{\text{mod }(x^2 - x)} }{[(x - 1)^{n+1}]_{\text{mod }(x^2 - x)}},$$ which is manifestly zero, since $[x(x-1) r(x)]_{\text{mod }(x^2 - x)} = 0$. Therefore, the kernel of $p$ is trivial.
Thus $p$ is an isomorphism from $(\mathbb C[x] / (x^2 - x))_{x-1}$ to $\mathbb C$.
By the way, there is an algebraic geometry interpretation of this.
So that's how I got the idea for the homomorphism $p: (\mathbb C[x]/(x^2 - x))_{x - 1} \to \mathbb C$ that evaluates elements of $(\mathbb C[x]/(x^2 - x))_{x - 1}$ at $x = 0$.