Answer:
The dealer markup is the amount of money that the dealer adds to the invoice price of a car. In this case, the dealer markup is $24,750 - $21,950 = $2,800.
The dealer markup is typically determined by a number of factors, including the make and model of the car, the demand for the car, and the dealer's profit margin.
The dealer markup is important because it can affect the price that a consumer pays for a car. If the dealer markup is high, the consumer will likely pay more for the car. However, if the dealer markup is low, the consumer may be able to get a better deal on the car.
It is important to note that the dealer markup is not the only factor that affects the price of a car. Other factors, such as taxes, title, and license fees, can also affect the price.