profit margin and profit margin % neede dor both places in both questions

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 $ 15ight Meals: Breakfasts 3 7 $ 5/ea Lunches 5 $ 9/ea Dinners $ 10/ea Scuba diving trips 5 $ 15/ea Water skiing trips $ 10/ea Airfare (round trip from Miami) 1 $ 235(Cancun), $ 310(Jamaica) Transportation to and from airport 1 $ 15(Cancun), $ 10(Jamaica) 7 4 4 7 1 1 The Cancun trip sells for $750, and the Jamaica trip sells for $690, 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 $710 and $640, respectively, in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels