The correct option is B 403 cm
Since, the bullet loses half of its velocity after penetrating 40 cm
Let say, initial velocity of the bullet is u
then, after losing half of velocity, final velocity at this moment will be v=u2
From equation of motion we have
v2−u2=2as⇒ (u2)2−u2=2as
or, ⇒ a=−3u28s
For, later part of the penetration, final velocity will be zero i.e. v=0
⇒ 02−(u2)2=2as′
⇒ s′=−u28(−8s3u2)=s3
⇒ s′=403 cm