Liam bought a comic book and had $5 left. If he had a total of $8 walking into the store, how much did he spend on the comic book?

Liam used the equation 5x=8 to model the problem. He said that x represents the amount of money he spent. Liam said that the solution, x=1.6, means that he spent $1.60. Is he correct? Why or why not? If he is incorrect find the correct answer showing your work.

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