Let $f$ be a function satisfying $f(xy) = \frac{f(x)}y$ for all positive real numbers $x$ and $y$. If $f(500) =3$, what is the value of $f(600)$?
$(\mathrm{A})\ 1 \qquad (\mathrm{B})\ 2 \qquad (\mathrm{C})\ \frac52 \qquad (\mathrm{D})\ 3 \qquad (\mathrm{E})\ \frac{18}5$
Letting $x = 500$ and $y = \dfrac65$ in the given equation, we get $f(500\cdot\frac65) = \frac3{\frac65} = \frac52$, or $f(600) = \boxed{\textbf{(C) } \frac52}$.