Colored pencils: \( \$ 8.59 \) Discount Rate: \( 35 \% \) Tax Rate: \( 3.75 \% \)

Did you know that colored pencils have been around since the 16th century? The first colored pencils were made by blending pigments with a binding agent and then encasing them in wood, a process that allowed for greater portability than traditional paint. Today, they're a staple for artists of all ages, proving that this versatile medium withstands the test of time! Now, when it comes to calculating the final price after a discount and tax, it's super helpful to break it down step by step. First, calculate the discount amount by multiplying the original price by the discount rate, then subtract that from the original price. Next, apply the tax rate to the new subtotal and add that back on to find your total cost. This approach helps avoid common mistakes like forgetting to apply the discount before tax!