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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 night
TakeaBreak Travel Company offers spring break travel packages to college students. Two of its packages, a day, night trip to Cancun and a day, night trip to Jamaica, have the following characteristics:
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tablePackage Specifications,Cancun,Jamaica,Cost DataOceanfront room; number of nights,$ nightMeals:$ eaBreakfasts$ eaLunches$ eaDinners$ eaScuba diving trips,$ eaWater skiing trips,$CancunAirfare round trip from Miami$JamaicaTransportation to and from airport,,,$Cancun;
The Cancun trip sells for $ and the Jamaica trip sells for $ and both packages allow two bags to be checked for free.
Required:
What are the current profit margins on both trips?
TakeaBreak's management believes that it must drop the price of each trip by $ 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 decimal place ie
tableProfit margin,Cancun,JamaicaProfit margin
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