Step 1: Use average speed formula for round trip with equal distances
\[
\text{Average speed} = \frac{2ab}{a + b}
\]
where \( a = 40 \, \text{km/hr},\quad b = 60 \, \text{km/hr} \)
Step 2: Substitute values
\[
\text{Average speed} = \frac{2 \times 40 \times 60}{40 + 60} = \frac{4800}{100} = \boxed{48 \, \text{km/hr}}
\]