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Take-a-Break Travel Company offers spring break travel packages to college students. Two of its packages, a seven-day, six night-trip to Cancun and a five-day, four-night

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Take-a-Break Travel Company offers spring break travel packages to college students. Two of its packages, a seven-day, six night-trip to Cancun and a five-day, four-night trip to Jamaica, have the following characteristics: The Cancun trip sells for $750, and the Jamaica trip sells for $690. What are the current profit margins for both trips? Take-a-Break's management believes that it must drop the price on the Cancun trip to $710 and on the Jamaica trip to $650 in order to remain competitive in the market. Recalculate profit margins for both packages at these prices levels. Describe two ways that Take-a-Break Travel could cut its costs to get the profit margin back to their original levels

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