Misch metal is an alloy consisting mostly of the lanthanoid metals (rare earth elements), along with small amounts of other elements. The transition element commonly present (approximately 5%) with lanthanoids in Misch metal is iron (Fe).
Thus, the transition element iron (Fe) is present in Misch metal, making the correct answer (B).
Misch metal is an alloy containing lanthanides (often mainly cerium, La) along with small amounts of other elements, including a transition metal. It is primarily used in making lighter flints and various other applications.
Thus, iron (Fe) is the transition metal that is present in ≈ 5% amount in Misch metal, alongside the lanthanides.