How can I know which radio button is selected via jQuery?

Use this..

$("#myform input[type='radio']:checked").val();

To get the value of the selected radioName item of a form with id myForm:

$('input[name=radioName]:checked', '#myForm').val()

Here's an example:

$('#myForm input').on('change', function() {
  alert($('input[name=radioName]:checked', '#myForm').val());
});
<script src="https://ajax.googleapis.com/ajax/libs/jquery/2.1.1/jquery.min.js"></script>
<form id="myForm">
  <fieldset>
    <legend>Choose radioName</legend>
    <label><input type="radio" name="radioName" value="1" /> 1</label> <br />
    <label><input type="radio" name="radioName" value="2" /> 2</label> <br />
    <label><input type="radio" name="radioName" value="3" /> 3</label> <br />
  </fieldset>
</form>