The centre of mass is given by :
xcm=m1x1+m2x2m1+m2
where m1 is the mass of monkey and m2 is the mass of balloon.
Here, balloon and monkey initially at rest. When monkey descends through a distance L, the centre of mass gets shifted.
Now shifted centre of mass is
x′=m1×L+0m1+m2
=m1Lm1+m2
Hence, balloon descends through a distance m1Lm1+m2 from the centre of mass.