Potential due to charge q at point P,V1=kqr
Potential due to charge −q at point P,V2=−kqr
Step 2: Total potential at point P
V=V1+V2
⇒V=kqr−kqr=0
Hence, the net potential at a point on the equatorial line of an electric dipole is zero.
Hence, Option (D) is correct.