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Take-a-Break Travel Company offers spring break travel packages to college students. Two of its packages,...

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Accounting

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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 2 4 5 4 1 1 Package Specifications Jamaica Cost bata Oceanfront roon number of nights 4 357ight Meals Breakfasts $11/ea Lunches $16/ea Dinners 526/ea Scuba diving trips $76/ water skiing trips 351/ Airfare (round trip from Miani) 532 (Cancun), $500 (Jamaica) Transportation to and from airport 324 (Cancun) $14 (anica) The Cancun trip sells for $1760, 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 Slot in order to remain competitive in the market Recalculate profit margins for both packages at these price levels. 1

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