Final answer:
By adding the cost of holiday wrap and bows and dividing by the number of gifts, each gift costs $0.61 to wrap.
Step-by-step explanation:
To determine the cost of each gift wrapped by Julio, we need to calculate the total cost of holiday wrap and bows and divide that by the number of gifts he wrapped. Julio bought a package of holiday wrap for $1.95 and 5 bows for $1.10. Since he wrapped five identical gifts, we can divide the total cost by five to get the cost per gift.
First, we calculate the total cost: $1.95 (for wrap) + $1.10 (for bows) = $3.05 total cost. Then we calculate the cost per gift: $3.05 ÷ 5 gifts = $0.61 per gift.
Therefore, the cost of each gift, including the wrap and bow, is $0.61.