895 - Logical Reasoning

Question: The price of purchasing a car in Country Q is 120 percent less than the price of purchasing a car in Country Y. Even after transportation fees and tariff charges are added, it is still cheaper for a buyer to import car from Country Q to Country Y than to buy car in Country Y.
The statements above, if true, best support which of the following assertions?

1. Gasoline prices in Country Q are 120 percent below those in Country Y.
2. Importing cars from Country Q to Country Y will eliminate 120 percent of the sales of cars in Country Y.
3. The tariff on a car imported from Country Q to Country Y is less than 120 percent of the price of a car in Country Y.
4. The fee for transporting a car from Country Q to Country Y is more than 120 percent of the price of a car in Country Q.
5. It takes 120 percent less time to transport a car in Country Q than it does in Country Y.