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 Water skiing trips Airfare (round trip from Miami) Cancun Jamaica 6 4 Cost Data $72ight 6 4 $15/ea 5 $20/ea 6 4 $30/ea 2 $92/ea 4 2 $67/ea 1 1 $140 (Cancun), $530 (Jamaica) 1 1 Transportation to and from airport $34 (Cancun), $56 (Jamaica) The Cancun trip sells for $2,080, and the Jamaica trip sells for $1,840, 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 $117 in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels