You can
put this solution on YOUR website!Here's a quick note about what the ratio is really saying:
Since the ratio is vertex angle A to the measure of angle B, this means that we have this ratio:
A:B ---> 2:5
So this means that the vertex angle is SMALLER than the base angle. However, if you have a base angle of 40 degrees, this means that the vertex angle is

which means that the vertex angle is larger (not smaller) than the base angle. So this effectively rules out the "2nd Approach" answer. Remember, the ratio is vertex:base angle (not the other way around)
However, I agree with your first approach. That answer is correct. You'll find that the base angles are 75 degrees and the vertex angle is 30 degrees. Since the ratio of 30:75 reduces to 2:5, this verifies the answer.
Note: it is IMPOSSIBLE to have both an isosceles triangle AND have a base angle that is greater than 90 degrees. Why? Base angles are equal. So if there is an obtuse base angle, there are really 2 obtuse angles in the triangle (which is impossible; triangles can only have at most one obtuse angles). So this means that either the book is wrong or maybe you read the wrong answer.