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: Package Specifications Cancun Jamaica Cost Data Oceanfront room; number of nights 3 7 $ 9ight Meals : Breakfasts 3/ea Lunches 9/ea Dinners 10/ea HOOP WW Scuba diving trips 17/ea Water skiing trips 12/ea Airfare (round trip from Miami) 245 ( Cancun) , 320 (Jamaica) Transportation to and from airport 1 17 (Cancun) , 12 (Jamaica) 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 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 (%) % %