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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:
\table[[Package Specifications,Cancun,Jamaica,Cost Data],[\table[[Oceanfront room; number of nights],[Meals:]],6,4,$65? night],[Breakfasts,6,4,$14? ea],[Lunches,7,5,$19? ea],[Dinners,6,4,$29? ea],[Scuba diving trips,3,2,$85? ea],[Water skiing trips,4,2,$60? ea],[Airfare (round trip from Miami),1,1,\table[[$155(Cancun),],[$560(Jamaica)]]],[Transportation to and from airport,1,1,\table[[$24(Cancun),],[$68(Jamaica)]]]]
The Cancun trip sells for $1,940, and the Jamaica trip sells for $1,700, and both packages allow two bags to be checked 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 $110 in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels.
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What are the current profit margins on both trips? (Round percentage answers to 1 decimal place (i.e..123=12.3%).)
\table[[,Cancun,Jamaica],[Profit margin,,,,],[Profit margin (%),,%,,]]
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