The meter bridge experiment is based on the principle of the **Wheatstone bridge**. In a Wheatstone bridge, the ratio of two resistances is balanced by the ratio of the lengths of the bridge wire. The relationship is given by the equation:
\[
\frac{R_1}{R_2} = \frac{l_1}{l_2},
\]
where:
\( R_1 = 10 \, \Omega \) is the known resistance (in this case, it is the fixed resistance),
\( R_2 = X \, \Omega \) is the unknown resistance (which we need to find),
\( l_1 = 40 \, \mathrm{cm} \) is the distance on the bridge wire where the balance point is obtained,
\( l_2 = 100 - l_1 = 60 \, \mathrm{cm} \) is the remaining length of the wire on the other side of the bridge.
Step 1: Use the balanced condition.
We know that the ratio of the resistances is equal to the ratio of the lengths at the balance point:
\[
\frac{R_1}{X} = \frac{l_1}{l_2}.
\]
Step 2: Rearrange for \( X \).
Rearranging the equation to solve for the unknown resistance \( X \):
\[
X = R_1 \cdot \frac{l_2}{l_1}.
\]
Step 3: Substitute the known values.
Substitute the values for \( R_1 \), \( l_1 \), and \( l_2 \):
\[
X = 10 \cdot \frac{60}{40}.
\]
Simplify the equation:
\[
X = 10 \cdot 1.5 = 6.67 \, \Omega.
\]
Conclusion:
Thus, the value of the unknown resistance \( X \) is \( \mathbf{6.67 \, \Omega} \).
Therefore, the correct answer is \( \mathbf{(1)} \).