Cancun 6 Jamaica 4 Cost Data $ 55ight Package Specifications Oceanfront room; number of nights Meals: Breakfasts Lunches Dinners Scuba diving trips Water skiing trips Airfare (round trip from Miani) 6 7 6 4 5 4 2 2 1 4 $ 10/ea $ 15/ea $ 25/ea $75/ea $ 50/ea $ 375 (Cancun) $ 550 (Jamaica) $ 25 (Cancun), $40 (Jamaica) Transportation to and from airport 1 The Cancun trip sells for $1750, and the Jamaica trip sells for $1,500, 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 belleves that it must drop the price of each trip by $100 in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What are the current profit margins on both trips? (Round percentage answers to 1 decimal place (1.e. 123 - 12.3%)) Cancun Jamaica Profit margin Profit margin (%) 6 7 6 4 2. 2 1 4 1 Meals: Breakfasts $ 10/oa Lunches $ 15/ea Dinners $ 25/ea Scuba diving trips $ 75/ca Water skiing trips $ 50/ea Airfare (round trip from Miani) $ 375 (Cancun) $ 550 (Jamaica) Transportation to and from airport $ 25 (Cancun) $ 40 (Jamaica) The Cancun trip sells for $1,750, and the Jamaica trip sells for $1.500, 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 of each trip by $100 in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels. 1 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Take a Break's management believes that it must drop the price of each trip by $100 in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels. (Round percentage answers to 1 decimal place de 123 12.3%).) Cancun Jamaica Profit margin Profit margin ()