Step 1: Use energy conservation.
Going up, mechanical energy is conserved, so kinetic plus potential energy stays constant at its initial value.
Step 2: Find the total energy.
At the launch point on the ground, $K.E. = 240$ J and $P.E. = 0$, so total energy $= 240$ J.
Step 3: Set the half-kinetic-energy target.
Half the initial kinetic energy is $\tfrac{1}{2}\times 240 = 120$ J. We want the height where $K.E. = 120$ J.
Step 4: Write the balance at that height.
$K.E. + P.E. = 240 \Rightarrow 120 + mgh = 240$, so $mgh = 120$ J.
Step 5: Substitute values.
With $m = 2$ kg and $g = 10$ ms$^{-2}$: $2\times 10\times h = 120$, i.e. $20h = 120$.
Step 6: Solve for the height.
$h = \dfrac{120}{20} = 6$ m.
\[ \boxed{6\ \text{m}} \]