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: Package Specifications Oceanfront room; number of nights Meals: Breakfasts Lunches Dinners Scuba diving trips Airfare (round trip from Miami) Water skiing trips Transportation to and from airport Cancun 6 Jamaica 4 6 7 454221 963. 4 1 1 1 Cost Data $61/night $10/ea $15/ea $25/ea $81/ea $56/ea $300 (Cancun), $525 (Jamaica) $40 (Cancun), $38 (Jamaica) The Cancun trip sells for $1,860, and the Jamaica trip sells for $1,620, 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 of each trip by $106 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.