We calculate the volume of the cuboid :
60 x 100 x 40 = 240000 cm^3
If every bag has 8000 cm^3 of grit, he will need 240000 : 8000 = 30 bags
Every bag cost £2.50, so he will need £2.50 x 30 = £75
Since he only has £70, he doesn't have enough money to buy the grit.