Consider the picture description given here: Understanding the Atlas of $\mathbb RP^n$. Let $\pi$ be the canonical projection $\pi:\mathbb{R}^{n+1}\setminus\{0\}\to \mathbb{R}P^n$. In the comments, and in Wikipedia, the inverse of the chart $\varphi_i:\pi(U_i)\to \mathbb{R}^n, \varphi_i(x_1,\dots,x_{n+1}) = \left(\frac{x_1}{x_i},\dots,\hat{x}_i,\dots,\frac{x_1}{x_i}\right)$ ,$U_i = \{(x_1,\dots,x_{n+1}) \in \mathbb{R}^{n+1}\setminus\{0\}\mid x_i \neq 0\}$ (where the hat denotes a coordinate that is to be left out), is claimed to be $\varphi_i^{-1}(x_1,\dots,x_n) = (x_1,\dots,x_{i-1},1,x_{i},\dots,x_{n})$. What I don't understand is that how is $\varphi^{-1}_i$ the inverse of $\varphi_i$, when the $i$th coordinate is mapped back to $1$, while it could have been, say, $x_i = 0.5$?
As an additional question, under the assumption that the given mappings are in fact charts, wouldn't they also work for $\overline{U}_i = \{(x_1,\dots,x_{n + 1})\in \mathbb{S}^n \subset \mathbb{R}^{n+1}\mid x_i \neq 0\}$?