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To find the average speed of the bus, we need to consider the total distance traveled and the total time taken.
In this case, the bus travels a total distance of 300 km from the origin to the destination and then returns back to the origin.
Let`s calculate the total time taken for the journey.
For the first leg of the journey, the bus travels at a speed of 50 km per hour. So, the time taken to cover the distance from the origin to the destination is 300/50 = 6 hours.
For the return leg of the journey, the bus travels at a speed of 60 km per hour. So, the time taken to cover the distance from the destination to the origin is 300/60 = 5 hours.
The total time taken for the journey is 6 + 5 = 11 hours.
Now, let`s calculate the average speed by dividing the total distance traveled (600 km) by the total time taken (11 hours).
Average speed = 600/11 = 54.55 km per hour.
Therefore, the correct answer is option 1: 54.55 km per hour.