We need to find the number of 5 digit numbers greater than 40000 and divisible by 5.
Case I : Numbers start with 5.
Here if the number starts with 5 it should end with 0 to be divisible by 5.

Case II : Number starts with 7 and the last digit can have 0 or 5.

Case III : The number starts with 9 and the last digit should have 0 or 5.

Total numbers =120.
Hence this is the correct option.