The cost price of this television set is equal to $447.87.
Given the following data:
To calculate the cost price:
In this exercise, you're required to determine the cost price of a television set that was sold for $421.
Mathematically, cost price is given by this formula:
[tex]Cost\;price = \frac{Selling\;price \times 100}{100-Percentage\;loss}[/tex]
Substituting the given parameters into the formula, we have;
[tex]Cost\;price = \frac{421 \times 100}{100-6}\\\\Cost\;price = \frac{42100}{94}[/tex]
Cost price = $447.87.
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