Select Fruit:

<select id="ddlFruits">
<option value=""></option>
<option value="1">Apple</option>
<option value="2">Mango</option>
<option value="3">Orange</option>
</select>
<input type="button" id = "btnGet" value="Get Selected Text Value" />
<script type="text/javascript" src="http://ajax.googleapis.com/ajax/libs/jquery/
1.8.3/jquery.min.js"></script>
<script type="text/javascript">
$(function () {
$("#btnGet").click(function () {
var selectedText = $("#ddlFruits").find("option:selected").text();
var selectedValue = $("#ddlFruits").val();
alert("Selected Text: " + selectedText + " Value: " + selectedValue)
;
});
});
</script>