Currently, there are \(40\) cars in each row of the lot at a car dealership. If the parking spaces are to be widened and lengthened so that only \(30\) cars fit in each row and fewer rows fit in the lot, how many cars will then fit in the entire lot?

1) There will be \(3\) fewer rows of cars
2) Currently there are \(10\) rows of cars

The OA is C

Source: Veritas Prep