For the original cone:
V = pi*h*r^2 = x
The upper half of the cone has half the height and half the radius of the original cone of volume x, so its volume is calculated as:
V = pi*(h/2)*(r/2)^2 = (1/8)*pi*h*r^2 = x/8
Therefore the volume of the other piece (the frustum) is x - (x/8) = 7x/8 cubic centimeters.