Ok, I'm wondering if everyone has misunderstood your question? Anyway, all that the others said is correct, and here's something they haven't spotted or mentioned . Most of the merchants offer simmilar prices for your items, but some offer more than others, also, if a merchant doesn't have any of the Item your selling already in his list then he or she will offer slightly more money for it until they get a certain number of that item, so If you have lots of an expensive Item you want to sell, find a merchant who doesn't have any and sell them all at once for extra cash.
Hope this helps (if you can understand it)
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