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Please assist...two parts to this question Take-a-Break Travel Company offers spring break travel packages to college students. Two of its packages, a 4-day, 3-night trip

Please assist...two parts to this question

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Take-a-Break Travel Company offers spring break travel packages to college students. Two of its packages, a 4-day, 3-night trip to Cancun and a 8-day, 7-night trip to Jamaica, have the following characteristics: Package Specifications Cancun Jamaica Cost Data Oceanfront room; number of nights 3 7 $ 12ight Meals : Breakfasts 4/ea Lunches 9/ ea Dinners Scuba diving trips 16/ea Water skiing trips Airfare ( round trip from Miami) H CO UI CO A W HWOOYN 10/ea 11/ea 240 ( Cancun), 315 ( Jamaica) Transportation to and from airport 16 ( Cancun) , 11( Jamaica) The Cancun trip sells for $800, and the Jamaica trip sells for $740, 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 $760 and $710, respectively, in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels.What are the current pmt marglne en bath Mp5? (Round percentage answers to 1 decimal place} _I_I _E_I Take-a-Break's management believes that it must drop the price on the Cancun and Jamaica trips to $760 and $710, respectively, 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.) Cancun Jamaica Profit margin Profit margin (%) %

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