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: Cancun 6 Jamaica 4 Cost Data $63ight Package Specifications Oceanfront room; number of nights Meals: Breakfasts Lunches Dinners Scuba diving trips Water skiing trips Airfare (round trip from Miami) 6 7 6 3 4 1 4 5 4 2 2 1 $11/ea $16/ea $26/ea $82/ea $57/ea $330 (Cancun), $500 (Jamaica) $35 (Cancun), $54 (Jamaica) Transportation to and from airport 1 1 The Cancun trip sells for $1,880, and the Jamaica trip sells for $1,640, 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 Recalculate profit margins for both packages at these price levels. $107 in order to remain competitive in the market. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What are the current profit margins on both trips? (Round percentage answers to 1 decimal place (i.e. .123 = 12.3%).) Cancun Jamaica Profit margin Profit margin (%) % %