My first question is, How can I get more cash for my items?
I obtain gear that says its worth 75g or 50g, but when i go to sell it to a vendor they always rip me off and give me like 20g and then turn around and sell it for 200g??

- I feel like im gettting scammed by the vendors

My Next question is, What is the best one handed weapon?
My current character is a lvl 5 battlemage and I usually use a Shock Spell + War Axe, is there a better combination?

For level 5 that sounds like a boss setup to me.

and vendors will eventually rip you off less and less as your speech raises.

(raise speech by buying and selling goods)

Awesome thanks, I was getting annoyed that I was getting duped by 'em

Alright i wasn't sure if a sword would be better cause its faster

I prefer a sword, But an axe has it's own advantages.

Once you've raised your speech skill through buying/selling items the amount of gold they offer you will increase, also you can get the Amulet of Zenithar witch has an enchantment, "Prices are 10% better" this goes for both buying and selling items.

I was using a mace up untill now because of an enchantment on it but recetnly found a cool enchanted sword and I'm really loving it so far
seems like there's a lot more special kill moves with the sword as well
perhaps it's just my timing being different or something I dno but it seems to kill things more effectively IMO