Concept:
For a short bar magnet of magnetic dipole moment $M$, the magnetic field at a distant point depends upon whether the point lies on the axial line or on the equatorial (normal bisector) line.
The magnetic field on the axial line is
\[
B_{\text{axial}}
=
\frac{\mu_0}{4\pi}
\frac{2M}{r^3}
\]
and the magnetic field on the equatorial line is
\[
B_{\text{equatorial}}
=
\frac{\mu_0}{4\pi}
\frac{M}{r^3}
\]
where $r$ is the distance from the centre of the magnet.
Step 1: Interpret the percentage statement
The problem states that the magnetic field at point A is $1500\%$ more than the magnetic field at point B.
If a quantity is $1500\%$ more than another quantity, then
\[
B_A
=
B_B
+
\frac{1500}{100}B_B
\]
\[
B_A
=
B_B + 15B_B
\]
\[
B_A = 16B_B
\]
Thus,
\[
B_A = 16B_B
\]
Step 2: Substitute the expressions for magnetic fields
Let $r_A$ be the distance of point A from the centre of the magnet and $r_B$ be the distance of point B from the centre.
Using the standard formulas,
\[
\frac{\mu_0}{4\pi}
\frac{2M}{r_A^3}
=
16
\left(
\frac{\mu_0}{4\pi}
\frac{M}{r_B^3}
\right)
\]
Canceling the common factors $\dfrac{\mu_0}{4\pi}$ and $M$,
\[
\frac{2}{r_A^3}
=
\frac{16}{r_B^3}
\]
Dividing both sides by $2$,
\[
\frac{1}{r_A^3}
=
\frac{8}{r_B^3}
\]
Hence,
\[
r_B^3
=
8r_A^3
\]
Taking cube root on both sides,
\[
r_B
=
\sqrt[3]{8}\,r_A
\]
\[
r_B
=
2r_A
\]
Step 3: Substitute the given value
Given,
\[
r_A = 18\text{ cm}
\]
Therefore,
\[
r_B
=
2\times 18
\]
\[
r_B = 36\text{ cm}
\]
Hence, the distance of point B from the centre of the magnet is
\[
\boxed{36\text{ cm}}
\]