Step 1: Concept Osmotic pressure ($\pi$) is given by the formula $\pi = CRT$.
Step 2: Meaning $C$ is the molar concentration, $R$ is the gas constant, and $T$ is the absolute temperature.
Step 3: Analysis $12 = C \times 0.0821 \times 300$.
$C = \frac{12}{0.0821 \times 300} = \frac{12}{24.63}$.
Step 4: Conclusion $C \approx 0.487\text{ mol/dm}^3$ (or M).
Final Answer: (C)