Is it sufficient to use $O(n)$ repeatedly on $1^{\infty},\frac{0}{0},0\times\infty,{\infty}^0,0^0$ to get determinate forms? For example if we look at $\frac{0}{0}$ then $$\frac{O(f(n))}{O(g(n))}$$ should simplify the matters, and if needed repeat again to get $$\frac{O(O(f(n)))}{O(O(g(n)))}$$
My question is: at most would it be sufficient to repeatedly apply $O(n)$ to find the limit? Using this approach what type of limits would still after an infinite application of above process remain indeterminate?
By using of $O(f(x))$ we mean what is given in this example , e.g. Just substitution of dominant terms in place of the function.
Update : separated the L'Hopitals aspect of the question into Examples of applying L'Hôpitals rule ( correctly ) leading back to the same state?, tried to clarify what I tried to mean by using of $O(f(x))$
Based on how you asked your question, I think you should take a look at the definition of big-O notation. It is not clear what you mean by $O(O(f))$ or $\frac{O(f)}{O(g)}$.
The answer to the title question is yes, we can use Big-O notation to simplify certain solutions for limits. Lets look at a few examples:
Example 1:$$\lim_{x\rightarrow 0}\frac{\sin x}{x}.$$ When $x\rightarrow 0$ we have $\sin x=x+O(x^3)$ so that $\frac{\sin x}{x}=1+O(x^2)$. Then taking the limit we conclude $$\lim_{x\rightarrow 0}\frac{\sin x}{x}=1.$$
Example 2:
Solution: See this Math Stack Exchange answer.