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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 Package Specifications JamaicaCost Data Oceanfront room, number of nights 64 S 30ight Meals 5 $ 5/ea 5 $ 7lea 0 10/ea 2 $15/ea 2 10/ea 1$175(Cancun), Breakfasts Lunches Dinners Scuba diving trips Water sking trips Airfare (round trip from Miami) 250(Jamaica) 115(Cancun) $ 10(Jamaica) Transportation to and from airport11 The Cancun trip sells for $750, and the Jamaica trip sells for $690. (Round percentage answers to 1 decimal place. (ie, .123-12.3%).) Required 1. What are the current profit margins on both trips? ge Specification Margins Cancun Jamaica Profit Margin Profit Margin% 2. Take-a-Break's management believes that it must drop the price on the Cancun and Jamaica trips to $710 and $650, respectively, in order to remain competitive in the market Recalculate profit margins for both packages at these price levels. Profit Margin Profit Margin% Type here to search 0 ea

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