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 Cancun Damaica Cost Data Oceanfront roon; number of nichts 4 567ight Meals: Breakfasts $15/ea Lunches $10/ea Dinners $28/ea Scuba diving trips 584/ Water skiing trips $59/ea Airfare (round trip from Miami) $190 (Cancun), $400 (amaica) Transportation to and from airport $36 (Cancun) $52 (Jamaica) The Cancun trip sells for $1.920, and the Jamaica trip sells for $1680, 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 $109 in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels. The Cancun trip sells for $1.920, and the Jamaica trip sells for $1680, and both packages allow two bags to be checked tor tree, 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 $109 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 What are the current profit margins on both trips? (Round percentage answers to 1 decimal place (...129 - 12.3%).) Cancun Jamaica Profit margin Profit margin() Recue Required 2 > 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 $109 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 of each trip by $109 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 de 123 - 12.3%).) Cancun Jamaica Profit margin Profit margin (176)