Javascript get innerHTML of selected option

Quick Posting.

HTML
<select class="form-control m-bot15" id="myselect" onchange="getHargaLayanan()">
      <option value="1">Text 1</option>
      <option value="2">Text 2</option>
</select>


I want get the innerHTLM or the text of the selected option with javascript.

Here is how is that done:

<script>
   var elemen=document.getElementById('myselect');
   var mytext=elemen.options[elemen.selectedIndex].text;
   alert(mytext);
</script>

thats all!!!