Final answer:
The mutation in question involves a change in the DNA sequence that leads to a single amino acid substitution in the protein, characterizing it as a base substitution resulting in a missense mutation. Therefore option B is correct.
Step-by-step explanation:
The DNA sequence of a portion of gene in a wild-type organism is TTACCATATTCACCC, and the corresponding peptide sequence is Leu-Pro-Tyr-Ser-Pro. The corresponding gene fragment in phenotypic variant of the organism is TTACCATATTCACCC and the peptide sequence is Leu-Pro-Cys-Ser-Pro. This is an example of a base substitution mutation resulting in a missense mutation. This missense mutation leads to the replacement of one amino acid in the peptide (Tyr to Cys) without altering the rest of the peptide sequence.