Concept:
The braking distance on a grade is
\[
\boxed{
BD=\frac{V^2}{254(f\pm G)}
}
\]
where
\[
f=\text{Coefficient of longitudinal friction},
\]
\[
G=\text{Grade (decimal)},
\]
\[
(+)=\text{Upgrade},
\]
\[
(-)=\text{Downgrade}.
\]
Step 1: Use the given condition.
The downhill braking distance is twice the uphill braking distance.
Hence,
\[
\frac{1}{f-G}
=
\frac{2}{f+G}
\]
Step 2: Substitute \(f=0.4\).
\[
0.4+G
=
2(0.4-G)
\]
\[
0.4+G
=
0.8-2G
\]
\[
3G
=
0.4
\]
\[
G
=
0.133
\]
Thus,
\[
\boxed{
G=13.3\%
}
\]
Therefore, the correct option is
\[
\boxed{(C)\;13.3\%.}
\]