\[ 61 \frac{1}{2} \% = \frac{61.5}{100} \]
\[ \frac{61.5 \times 10}{100 \times 10} = \frac{615}{1000} \]
The GCD of 615 and 1000 is 5. \[ \frac{615 \div 5}{1000 \div 5} = \frac{123}{200} \]
\(\boxed{\frac{123}{200}}\)
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