ake-a-Break Travel Company offers spring break travel packages to college students. Two of its packages, a 7-day, 6-night trip to Cancun and a 5-day, 4-night trip to Jamaica, have the following characteristics: Package Specifications Oceanfront room number of nights Meals: CancunJama 10 s. 56ight $ 9/ea $ 11/ea $25/ea $ 29/ea Breakfasts Lunches 10 Dinners Scuba diving trips Water skiing trips Airfare (round trip from Miami) 16/ea s 225 (Cancun), 300 (Jamaica) $ 29 (Cancun), $ 24 (Jamaica) Transportation to and from airport The Cancun trip sells for $7150, and the Jamaica trip sells for $7090, and both packages allow two bags to be checked for free. Required 1. What are the current profit margins on both trips? 2. Take-a-Break's management believes that it must drop the price on the Cancun and Jamaica trips to $7,110 and $7.050, respectively in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels." Required 1Required 2 What are the current profit margins on both trips? (Round percentage answers to 1 decimal place.) Cancun Jamaica Profit margin Profit margin (%) Required 1Required 2 Take-a-Break's management believes that it must drop the price on the Cancun and Jamaca trips to $7,110 and $7,050, respectively, in order to remain competitive in the market. Recalculate profit margins for both levels. (Round percentage answers to 1 decimal place.) ges at these price Cancun Jamaica Profit margin Profit margin (%) Required 1