I deployed Magento application on my local. When I am trying to access it using some other system in my local network, application gets opened but am not getting images and css. It is getting resolved to localhost/magento/imagename.jpg. My application is deployed in 127.0.0.1/magento/. Do I need to change my PHP.ini or some setting in Magento Admin?
Change the base url to your internal IP address, the ip address your router assigns to you.
In Windows:
Start -> Type in cmd and press enter -> ipconfig
In Linux:
ifconfig
Find your local IP which might look like 192.168.1.xx or 10.0.0.xx Enter that as your Base URL (with http:// in front and / at the end) in the magento backend under System -> Configuration -> Web
OPTIONALLY
You can enter {{base_url}} as your Base URL in magento backend, this will allow any URL to work, this is however not recommended for live.
EDIT
Don't forget to clear your cache by deleting everything in var/cache/