Final answer:
The cost of purchasing 5 jackets at $55.00 each is $275.00. The selling price of the jackets is $2.25.
Step-by-step explanation:
To answer this question, we need to calculate the total cost of purchasing 5 jackets at $55.00 each. This can be done by multiplying the cost per jacket by the number of jackets: 5 * $55.00 = $275.00.
For part b, to find the selling price of the jackets, we need to calculate 5% of $45.00. This can be done by multiplying the percentage by the price: 5% * $45.00 = $2.25.
Learn more about Calculating the cost and selling price of jackets