Step 1: Let the two numbers be \( x \) and \( y \).
We are given two conditions:
\[
x + y = 12 \quad \text{(1)} \quad \text{and} \quad x - y = 8 \quad \text{(2)}.
\]
Step 2: Add equations (1) and (2) to eliminate \( y \):
\[
(x + y) + (x - y) = 12 + 8 \quad \Rightarrow \quad 2x = 20 \quad \Rightarrow \quad x = 10.
\]
Step 3: Substitute \( x = 10 \) into equation (1):
\[
10 + y = 12 \quad \Rightarrow \quad y = 2.
\]
Step 4: Now, the product of the two numbers is:
\[
x \times y = 10 \times 2 = 20.
\]