Step 1: Calculate the total resistance of the circuit.
The resistors in the circuit are arranged in series and parallel. First, find the equivalent resistance of the parallel combination of the \( 64 \, \Omega \) and \( 32 \, \Omega \) resistors.
\[
\frac{1}{R_{\text{eq}}} = \frac{1}{64} + \frac{1}{32} = \frac{3}{64} \quad \Rightarrow \quad R_{\text{eq}} = \frac{64}{3} \, \Omega
\]
Step 2: Use Ohm's Law.
Now, apply Ohm's Law \( V = IR \) to find the voltage at point \( P \). Given the total voltage of 60V, we calculate the voltage at point \( P \) to be 20V.
Step 3: Conclusion.
Thus, the voltage at point \( P \) is \( 20 \, \text{V} \), so the correct answer is (C).