After a one-piece circular tablecloth of the maximum possible area was cut from a rectangular piece of material, what

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After a one-piece circular tablecloth of the maximum possible area was cut from a rectangular piece of material, what was the number of square inches of material that remained?

(1) The piece of material was 48 inches wide and 56 inches long before the tablecloth was cut.
(2) The radius of the tablecloth was 24 inches.

Answer: A

Source: GMAT Prep