Question:

A bag contains 12 black, 18 yellow and 30 purple marbles.

Last updated: 7/13/2022

A bag contains 12 black, 18 yellow and 30 purple marbles.

A bag contains 12 black, 18 yellow and 30 purple marbles. Joe pays $10 for the opportunity to pick a marble from the bag. If he picks a black marble, he gets $20. If he picks a yellow marble, he gets $15. If he picks a purple marble, he gets $k. The game is fair. Find the value of k. Give an exact answer.