Assume Mercedes exports cars to the US at a dollar price of $82,000, and the Euro trades at $1.20. If the euro appreciates against the dollar by 7.50%, to 1 = $1.29, and Mercedes's then sell in the US for $84,952, we can conclude that _____________ % of the higher exchange rate has been passed through to the US market in the form of higher (dollar) prices of the Mercedes. The manufacturer, by pricing to the US market, has absorbed the remainder. Show your work.