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Take - a - Break Travel Company offers spring break travel packages to college students. Two of its packages, a 7 - day, 6 -

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 $1,840, and the Jamaica trip sells for $1,600, and both packages allow two bags to be checked for free.1. What are the current profit margins on both trips?2. Take-a-Breaks management believes that it must drop the price of each trip by $105 in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels.3. Take-a-Breaks management believes that it must drop the price of each trip by $105 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 (i.e..123=12.3%).)

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