Give the step-by-step reasoning process and then the final answer. Gerald is a furniture maker. He has 672 pieces of wood and he wants to make some tables and chairs. It takes 12 pieces of wood to make a table and 8 pieces of wood to make a chair. How many chairs can he make if he makes 24 tables?
Each table takes 12 pieces of wood to make so 24 tables will take 24 * 12 = 288. There were originally 672 pieces of wood so now there are 672 - 288 = 384 pieces left. 8 pieces of wood make 1 chair so 384 pieces can make 384 / 8 = 48 chairs.
The final answer: 48.