Take-a-Break Travel Company offers spring break travel packages to college students. Two of its packages, a 4-day, 3-night trip to Cancun and a 8-day, 7-night trip to Jamaica, have the following characteristics: Cancun 3 Jamaica 7 Cost Data 9ight $ Package Specifications Oceanfront room; number of nights Meals: Breakfasts Lunches Dinners Scuba diving trips Water skiing trips Airfare (round trip from Miami) 3 3 4 7 7 6 2 9 1 $ 3/ea $ 9/ea $ 10/ea $ 17/ea $ 12/ea $ 245(Cancun), $ 320(Jamaica) $ 17(Cancun), $ 12 (Jamaica) 1 Transportation to and from airport 1 1 The Cancun trip sells for $850, and the Jamaica trip sells for $790, and both packages allow two bags to 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 on the Cancun and Jamaica trips to $810 and $750, respectively, in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What are the current profit margins on both trips? (Round percentage answers to 1 decimal place.) Cancun Jamaica Profit margin Profit margin (%) % Complete this question by entering your answers in the tabs below. Required 1 Required 2 Take-a-Break's management believes that it must drop the price on the Cancun and Jamaica trips to $810 and $750, respectively, 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.) Cancun Jamaica Profit margin Profit margin (%) %