Please answer both questions, and show all of your work and steps taken for your answer, thanks. Take$-$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:

The Cancun trip sells for $$1,900,$ and the Jamaica trip sells for $$1,660,$ and both packages allow two bags to be check free

Required:

What are the current profit margins on both trips?

Take$-$a$-$Break's management believes that it must drop the price of each trip by $$108$ 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.

What are the current profit margins on both trips? $($Round percentage answers to $1$ decimal place $($i$.$e$.\mathrm{.}123=12\mathrm{.}3\%).)$