You are correct to use the chain rule. However, you seem to be writing out too few steps which is why it is difficult for you to identify where you made a mistake and to fix it.
Here's a general piece of advice -- don't rush and try to do everything in your head -- get used to writing every step out first. After writing every step out a million times you'll be more likely to do it in your head correctly.
Anyway, by the product rule $\frac{dy}{dx}=-20(x-20) + -20x(1)=-20x +400 -20x = -40x +400$. Because derivatives represent the rate of change of a quantity, we have that $\frac{dx}{dt}=0.5$.
Thus $\frac{dy}{dt}=\frac{dy}{dx}\frac{dx}{dt}= (0.5)(-40x + 400) = -20x + 200$. At $x=8$ this equals $$-20(8) + 200 = -160 + 200 = 40$$