To solve for \( x \) in the equation \( \frac{30}{x} = 50 \), we can rearrange it to find \( x \):
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Multiply both sides by \( x \): \[ 30 = 50x \]
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Divide both sides by 50: \[ x = \frac{30}{50} = \frac{3}{5} = 0.6 \]
This means that \( x \) represents the cost per nail. Thus, the statement that best describes the solution to the equation is:
C. It represents the cost of each nail Stephen bought.