Let the capacity of the tank (work to be done) be 360 litres. Although 36 is the LCM of 12 and 18, taking 360 (basically a bigger multiple of 36) is to ensure that we don't have to deal with fractions at a later stage in the problem.
Pipe 1 can fill it in 12 hours, therefore it fills at the rate of 30 litres per hour.
Pipe 2 can fill it in 18 hours, therefore, it fills at the rate of 20 litres per hour.
When they work together, they fill at the rate of 50 litres per hour. If the hole was not present, they would have filled the tank in \(\frac{360 }{ 50}\) hours i.e. 7.2 hours i.e. 7 hours 12 mins.
With the hole being present at the bottom of the tank, it took 48 minutes more i.e. it took 8 hours. Therefore, the tank must have been filled at an effective rate of 45 litres per hour since \(\frac{360 }{ 8}\) = 45.
The rate of emptying should hence be 5 litres per hour. To empty 360 litres, the hole will take \(\frac{360}{5}\) = 72 hours.
The correct answer option is B.
Hope that helps!