Incorrect
Explanation
The remaining cube will be 8x8x8. This will be 512. A layer is taken from all sides of the cube, so it would reduce the dimensions be 2.
Solve this puzzle
A farmer has 3 fields. The 1st one has 3 bundles of hay, another has 4, and the last has 5. How many would he have if he combined all of them in one field?