JSFiddle - React, Tailwind, and code Playground

HTML

<select id="sel">
    <option value="">Please Select the Logo</option>
    <option value="http://www.google.com/doodle4google/2010/images/doodle-holiday.gif">Logo 1</option>
    <option value="http://www.google.com/doodle4google/2010/images/doodle-popeye.gif">Logo 2</option>
</select
<div id="swap" style="height:50px; width:250px;border:1px solid red;">
    <input type="hidden" id="state" name="state" value="noImage"/>
</div>

JavaScript

$(document).ready(function() {
    
    $("#sel").live("change", function() {
        if ($("#state").val() == "noImage") {    
            $("#swap").append(
                "<img id='swapImg' src='" + $(this).val() + "'>"
            );
            $("#state").val('image')
        } else {
           $("#swapImg").attr("src", $(this).val());
        }
    });
    
});