How do I read this Activity Monitor report?
Check this out for a previous post. But, adding a bit to that answer...

First - while you have 4 physical cores, you have hyperthreading active, which allows each core to serve as 2 virtual cores. This will give you a theoretical maximum CPU usage of 100% x 8, or 800%.

Second - the % reported in the activity monitor is showing total CPU% (so it won't exceed 100%). Looking at the CPU numbers in your table, you're using a bit more than 485% out of the maximum of 800%. 485/800 is about 60%, which is your total usage reflected here...