For Example:
These are the items in a drop down list.
<select name="cmbitems" id="cmbitems">
<option value="price1">blue</option>
<option value="price2">green</option>
<option value="price3">red</option>
</select>
When the user selects blue, i want to display the value of price1 in a text field below:
<input type="text" name="txtprice" id="txtprice" onClick="checkPrice()">
Thank you for answering
All you need to do is set the value of the input to the value of the select, in a select.onchange event handler.
Here is a link to a jsFiddle demo