Victory (Pty) Ltd (Victory) is a small business which was started by Ms. Manqoba in 2005. Victory manufactures beauty creams for ladies who aspire to keep the young look for longer. Victory has a 31 October year-end. The Budgeted information for the month ended 30 November 2023: R Variable costs 70 000 Fixed costs 52 500 Profit 52 500 REQUIRED Round only your final answer to the nearest whole number. (a) Explain the use of both the cost-volume-profit (CVP) and sensitivity analysis.(2) (b) Calculate the percentage by which Victory (Pty) Ltd needs to increase its selling price for its profit for the month of November 2023 to increase by 10% assuming that sales volumes will not change. Hint: As part of your calculations, also explain which variable(s) will change and which variable(s) will not change.