The Kinetic Energy of an object is equal to one half the mass multiplied by the Velocity squared, or:
KE = 1/2 mv2
The given information in the problem includes the KE, and the velocity.
Substitute those into the equation above and solve algebraically for the mass:
m = 2KE/v2 = 0.038 kg (which is a reasonable mass for a bullet)
Then use the mass in the above equation along with the new K.E. of 185 Joules to solve algebraically for the velocity:
v = SQRT(2KE/m) = 98.7 m/s
This answer makes sense because since KE is proportional to the square of the velocity we would expect the KE to go down about 4 times (from 768 to 185 Joules) when the velocity goes down about 2 times (from 201 to 98.7 m/s)