When the lift is stationary spring force balances weight.
kx=mg=49 N
Here k is force constant of spring, x is elongation, True weight is 49 N
⇒k=49x→(1)
and m=499.8=5 kg (taking g=9.8m/s2)
When lift moves with acceleration 5 m/s2 downward we have:
kx2=mg−5×m
Because Pseudo force in lift frame is 5m upward, x2 = new elongation)
⇒kx2=49−5×5=24 N
So new reading in spring balance is 24 N