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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 trip to Cancun and a

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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 trip to Cancun and a 5-day, 4 -night trip to Jamalca, have the following characteristics: The Cancun trip sells for $1,860, and the Jamaica trip sells for $1,620, and both packages allow two bags fo 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 $106 in order to remain competitive, in the market. Recalculate profit margins for both packages at these price levels

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