This will give you an idea of the bullet path. The 240 grain XTP has a BC of .205 and a Sectional Density of .185. Sighted dead on at 25 yards the bullet will be dead on again at 125 yards. This was figured using the Ballistic Calculator at
http://biggameinfo.com/BalCalc.aspx. At 50 yards it should be about an inch high. At 75 yards it should be 1.3 inches high, at 100 yards it should be around 1 inch high. You can figure the speed of the bullet around 1800 with that kind of charge.