Take-a-Break Travel Company offers spring break travel packages to college students. Two of its packages, a 3-day, 2-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 Water skiing trips Airfare (round trip from Miami) Transportation to and from airport Cancun 2 Jamaica 4 Cost Data $ 10/night 4 $ 5/ea 4 4 $ 5/ea 4 $ 10/ea $ 17/ea 5 4 $ 12/ea 1 1 $ 275 (Cancun), $ 350 (Jamaica) 1 1 $ 17 (Cancun), $ 12(Jamaica) The Cancun trip sells for $750, and the Jamaica trip sells for $690, 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 $710 and $640, respectively, in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels.