Crossword Genius

Fix cost of entertaining northern nobleman (6)

Ross

I believe the answer is:

prince

I'm a little stuck... Click here to teach me more about this clue!

'nobleman' is the definition.
The answer and definition can be both people as well as being singular nouns.
Perhaps there's a link between them I don't understand?

'fix cost of entertaining northern' is the wordplay.
I cannot quite understand how this works, but
'northern' could be 'n' (abbreviation e.g. N. Ireland) and 'n' is located in the answer.
'cost' could be 'price' (the cost or price of something) and 'price' is located in the remaining letters.
No letters remain.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for prince that I've seen before include "Sovereign's son" , "Machiavellian ruler" , "Son of a royal house" , "Son of a sovereign" , "He's a royal" .)

I've seen this clue in The Telegraph.
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