Given that only the top 1% are admitted, the cutoff will be as follows:
the z-score is given by:
z=(x-μ)/σ
where:
μ-mean
σ-standard deviation
P(x>X)=1-P(z<Z)=0.01
⇒P(z<Z)=1-0.01=0.99
thus:
the value of z that corresponds to 0.99 is 2.33
thus:
2.33=(x-600)/60
solving for x we get:
139.8=x-600
x=739.8
thus the cutoff was 739.8