Respuesta :
Two ways that Take-A-Break travel could cut its costs to get the profit margins back to their original levels are by scale back its water-skiing and/or scuba diving excursions cost and transport to the airport might not be necessary.
Remaining constant the business might switch to a less expensive airline. The business could also negotiate a lower fare by changing their present contract with the airline.
What are the current profit margins on both trips?
Profit margin =Profit/Total revenue
Profit margin for first trip = 126/750= 16.80%
Profit margin for second trip= 200/690= 28.99%.
What is profit margin?
Profitability is gauged by profit margin. Finding the profit as a proportion of revenue is used to calculate it. Gross profit margin, operating profit margin, and net profit margin are the three different forms of profit margins. Gross profit is multiplied by net sales to determine gross profit margin.
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