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: 7 6 4 1 Package Specifications Cancun Jamaica Cost Data Oceanfront room; number of nights 6 $ 55ight Meals: Breakfasts $ 10/ea Lunches $ 15/ea Dinners $ 25/ea Scuba diving trips $ 75/ea water skiing trips $ 50/ea Airfare (round trip from Miami) $ 375 (Cancun) $ 550 (Jamaica) Transportation to and from airport $ 25 (Cancun) $ 40 (Jamaica) The Cancun trip sells for $1750, and the Jamaica trip sells for $1,500, 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 $100 in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels 1