I would like to explain it with following example:
let see example of google.com. you all knows logo of google.com y. Suppose while updating google.com by mistake, they updated the wrong logo with spell missing like gogle :-here 'o ' is missing . It should be Google. Now here bug is High Priority and Low Severity Bug
This bug is High Priority- Google is company logo and mistake in company logo need to resolve on high priority to keep brand.
This bug is Low Severity- As its just spelling mistake then impact on user is not much high.
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