The spring balance measures the weight of an object. It will show the same weight
for the given iron and the wood block in the vacuum but in the air, a force of
buoyancy will act on both the blocks which will be equal to the weight of the air displaced.
The volume of iron block $=\frac{1}{7800}\text{m}^3$
The volume of wooden block $=\frac{1}{800}\text{m}^3$
The weight of air displaced by iron block$=\frac{1.293\times1}{7800}\text{Kg}$
$=\frac{1.293}{7800}\text{Kg}$
The weight of air displaced by wooden block $=\frac{1.293\times1}{800}\text{Kg}$
$=\frac{1.293}{800}\text{Kg}$
The apparent weight of the iron block shown in the spring balance $=\frac{1-1.293}{7800}\text{Kg}$
$=\frac{(7800-1.293)}{7800}\text{Kg}$
$=\frac{7798.707}{7800}\text{Kg}$
The apparent weight of the wooden block shown in the spring balance $=\frac{1-1.293}{800}\text{Kg}$
$=\frac{(800-1.293)}{800}\text{Kg}$
$=\frac{798.707}{800}\text{Kg}$
Hence the ratio of the apparent weights$=\frac{\Big(\frac{(7798.707)}{7800}\Big)}{\Big(\frac{798.707}{800}\Big)}$
$=\frac{\big(7898.707\times800\big)}{\big(7800\times798.707\big)}$
$=1.0015$