Saved t49 (Chapter 13) Help Submit Save & Exit 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 Cancun 6 Jamaica 4 Cost tinta 567ight 6 Package Specifications Oceanfront room number of nights Meals Breakfast Lunches Dinners Scuba diving trips Water skiing trips Airfare Croid trip from Mias) Transportation to and from airport 6 4 5 4 3 2 4 1 513/ $18/ $28/es $84/ $59/ $190 (Cancun $400 (c) 536 (Cancun $52 1 2 The Cancun trip sells for $1.920, and the Jamaica trip sells for $1680, and both packades allow two bags to be checked for free Required: 1. What are the current profit margins on both trips? 2. Take Breaks management believes that it must drop the price of each trip by $109 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 Savo 4 1 1 1 #9 (Chapter 13) Help Save & Scuba diving trips 584/ Water skiing trips 2 559/ea Airfare (round trip from Miami) $190 (Cancun), $400 (Jamaica) Transportation to and from airport $36 (Cancun), 552 (Jamaica) The Cancun trip sells for $1.920, and the Jamaica trip sells for $1,680, 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 S109 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 Required 2 What are the current profit margins on both trips? (Round percentage answers to I decimal place | 123 12.39) Cancun Jamaica Profit margin Profit margin% Required 2 >