1. The problem is to simplify the fraction $\frac{700}{8}$. 2. To simplify a fraction, find the greatest common divisor (GCD) of the numerator and denominator. 3. The GCD of 700 and 8 is 4. 4. Divide both numerator and denominator by 4: $$\frac{\cancel{700}^{175}}{\cancel{8}^{2}}$$ 5. So, $\frac{700}{8}$ simplifies to $\frac{175}{2}$. 6. This is the simplest form because 175 and 2 have no common divisors other than 1.