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 $$2,020,$ and the Jamaica trip sells for $$1,780,$ and both packages allow two bags to be checked for

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 $$114$ in order to remain competitive in the market.

Recalculate profit margins for both packages at these price levels.

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Required $1$

What are the current profit margins on both trips? $($Round percentage answers to $1$ decimal place $($i$.$e$.\mathrm{.}123=12\mathrm{.}3\%).)$Take$-$a$-$Break's management believes that it must drop the price of each trip by $$114$ 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$.$

$\mathrm{.}123=12\mathrm{.}3\%).)$