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: Cancun Jamaica Cost Data $ 54ight s 10/ea $ 12/ea $ 23/ea $ 27/ea $ 17/ea 275 (Cancun), s 350 (Jamaica) $ 31 (Cancun), $ 26(Jamaica) Breakfasts 12 12 10 10 Lunches Dinners Scuba diving trips Water skiing trips Airfare (round trip from Miami) Transportation to and from airport The Cancun trip sells for $7,400, and the Jamaica trip sells for $7,340, 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 $7,360 and $7,300, 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 1Required 2 What are the current profit margins on both trips? (Round percentage answers to 1 decimal place.)