Given two graphs $H_1$ and $H_2$, a graph is $(H_1,\,H_2)$-free if it contains no induced subgraph isomorphic to $H_1$ or $H_2$. For a positive integer $t$, $P_t$ is the chordless path on $t$ vertices. A paraglider is the graph that consists of a chorless cycle $C_4$ plus a vertex adjacent to three vertices of the $C_4$. In this paper, we study the structure of ($P_5$, paraglider)-free graphs, and show that every such graph $G$ satisfies $χ(G)\le \lceil \frac{3}{2}ω(G) \rceil$, where $χ(G)$ and $ω(G)$ are the chromatic number and clique number of $G$, respectively. Our bound is attained by the complement of the Clebsch graph on 16 vertices. More strongly, we completely characterize all the ($P_5$, paraglider)-free graphs $G$ that satisfies $χ(G)> \frac{3}{2}ω(G)$. We also construct an infinite family of ($P_5$, paraglider)-free graphs such that every graph $G$ in the family has $χ(G)=\lceil \frac{3}{2}ω(G) \rceil-1$. This shows that our upper bound is optimal up to an additive constant and that there is no $(\frac{3}{2}-ε)$-approximation algorithm to the chromatic number of ($P_5$, paraglider)-free graphs for any $ε>0$.