Step 1: Establishing the correlation formula.
- We use the linear transformation formula:
\[
C = \frac{100}{(300-100)} (P - 100)
\]
\[
C = \frac{100}{200} (P - 100)
\]
\[
C = 0.5 (P - 100)
\]
Step 2: Calculating for \( 0^o P \).
\[
C = 0.5 (0 - 100) = -50^o C
\]
Step 3: Selecting the correct option.
Since \( 0^o P \) corresponds to \( -50^o C \), the correct answer is (D).