Here is my procedure:
So we want to prove $\exists c\in\Bbb{R^+}:\ [\exists B\in\Bbb{N}:[\ \forall n\in\Bbb{N}:\ n\ge B\rightarrow \frac15 n^2-42n-8\ge cn^2]]$
Taking $B=1$. We have $\frac15 n^2-42n-8\ge \frac15 n^2-42n^2-8n^2=\frac{-249}{5}n^2$. But here $c\notin \Bbb{R^+}$. How should we prove it?
Look at your statement carefully: We need a $c$ first, then we need a $B$. So let's first pick our $c$.
Take $c=\frac{1}{6}$, then solve the equation $\frac{1}{5}n^2-42n-8 \geq \frac{1}{6}n^2$, namely find the roots of the resulting quadratic equation $\frac{1}{30}n^2-42n-8$, which are $1260.19$ and $-0.19$ respectively. Hence,for $n \geq B=1261$, we get that $\frac{1}{5}n^2-42n-8 \geq \frac{1}{6}n^2$, because the function $\frac{1}{30}n^2-42n-8$ is increasing after the point $n=1261$, and so the inequality will remain.
By the way, there is nothing special about $\frac{1}{6}$. You can put what you like in there, as long as it's less than $\frac{1}{5}$! As an exercise, try out the fraction $\frac{1}{7}$ and see the $n$ you get.
Your mistake was to fix the $B$ first. Next time, look at the statement more carefully before making a call on your existential variables.