A:Answer About $200. But on a more serious note, the 850 comes with a Triluminos Display (brings out the colors better), X1 Processor (Optimizer for color, contrast, and clarity), Voice Remote Control, Motionflow XR 960 (versus the Motionflow XR 240 on the 700 model), and the 700 requires a firmware update to complete the 4K UHD package. Overall the 850 is considered the Standard model and the 700 is considered the Basic. The 850 comes with 120Hz native refresh rate, while the 700 comes with only 60Hz native refresh rate. Something that could be slightly noticeable when watching fast pace sports or intense action movies. Since I usually watch more basic TV than sports or intense action movies on this TV, I went with the 700 model. It did do okay though with Madden 16 on the Xbox One when I tried it out on it. I did not notice any motion blur while playing. Hope that helps.