I am using Wiris Editor as a plugin in TinyMCE. When I insert equation from Wiris Editor it displays it as an image in TinyMCE - I found this is embedded image but when I click the source tag to save the content it is the mathml format. I am unable to save the equation and searched almost everywhere but could not find a solution and I don't know why this is happening.

well.. you can not convert mathxml to HTML DOM Elements in a smoothly way. but you can make a trick to trace the code from the inspect element by the help of console.
wiris plugin used to render a iframe so you have to dig into the iframe document first.
$(function(){
// here "task_case_in_ifr" is the id for editor iframe div.
var iframe = $("#task_case_in_ifr")[0];
var iframeDocument = iframe.contentDocument
var iframeContent;
if (iframeDocument) {
// "tinymce" is the id for parent div containing all equation in the div.
iframeContent = iframeDocument.querySelectorAll('#tinymce');
}
var content = iframeContent[0].innerHTML
// save to database content variable..
// then show this value from the database on load document in jquery
// at first load it to the hidden element containing id.
// eg. div id is "#t1"
// fetch from the DOM by
iframeContent[0].innerHTML = $("#t1").html();
});