Solution to the Problem:
The answer is 40 large cars and 120 small cars.
Let x = size of a large car.
Let y = size of a small car.
Let n = number of large car parking spaces in the new parking lot.
Let p = number of small car parking spaces in the new lot.
Then y = 2/3 x.
So the area of the original lot is 120 x.
This must be equal to the area of the new lot which is nx + py.
So, 120x = nx + py.
120x = nx + 2/3xp
Hence, 120 = n + 2/3p
We also know the costs must remain the same, so
$240 = $3n + p
Solve these two equations simultaneously to get:
p = 240 - 3n
120 = n + 2/3(240) - 3n
120 = n + 160 - 2n
So, n = 40 and p = 120.