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 6 7 6 3 4 1 4 5 4 2 2 1 Package Specifications Jamaica Cost Data Oceanfront room; number of nights 4 $57ight Meals: Breakfasts $11/ea Lunches $16/ea Dinners $26/ea Scuba diving trips $76/ea Water skiing trips $51/ea Airfare (round trip from Miami) $320 (Cancun), $500 (Jamaica) Transportation to and from airport $24 (Cancun), $44 (Jamaica) The Cancun trip sells for $1,760, and the Jamaica trip sells for $1,520, 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 $101 in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels. 1 1 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 (%) % % Required 1 Required 2 Take-a-Break's management believes that it must drop the price of each trip by $101 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 (i.e. .123 = 12.3%).) Cancun Jamaica Profit margin Profit margin (%) % %