For a freely falling body, the distance traveled in time \( t \) is given by the equation:
\[
s = ut + \frac{1}{2} g t^2
\]
where:
- \( u \) is the initial velocity (which is 0 for a freely falling body),
- \( g \) is the acceleration due to gravity (\( g \approx 9.8 \, {m/s}^2 \)),
- \( t \) is the time.
In the first 4 seconds, the body travels a distance of 80 m. Using the formula, we can write:
\[
80 = 0 + \frac{1}{2} g (4)^2
\]
\[
80 = \frac{1}{2} g \cdot 16
\]
\[
g = \frac{80 \times 2}{16} = 10 \, {m/s}^2
\]
So, the value of \( g \) is approximately \( 10 \, {m/s}^2 \).
Now, in the next 4 seconds, the body continues to fall, and the distance covered in the next 4 seconds can be calculated as follows:
The total distance traveled in 8 seconds:
\[
s = \frac{1}{2} g (8)^2 = \frac{1}{2} \times 10 \times 64 = 320 \, {m}
\]
The distance covered in the next 4 seconds is the difference between the total distance covered in 8 seconds and the distance covered in the first 4 seconds:
\[
{Distance in next 4 seconds} = 320 - 80 = 240 \, {m}
\]
Thus, the correct answer is option (B), 240 m.