Final answer:
Eric needs to have $60 in savings if he wants to spend only 40% of it on a $24 video game.
Step-by-step explanation:
To determine how much Eric must have in savings to spend only 40% on a $24 video game, we set up a simple equation where 40% of his total savings (S) equals the price of the game ($24). The equation is 0.40 × S = $24. Solving this equation for S (total savings), we divide both sides by 0.40:
× S = $24
÷ 0.40 ÷ 0.40
S = $24 ÷ 0.40
S = $60
Therefore, Eric must have a total of $60 in savings to spend only 40% on the video game.