The Intensity of the light coming from a binary system is the sum of the light intensity from the two stars. When one star passess in front of the other, it will eclipse the star.
So when the second star goes in front of the dwarf, the total intensity will drop by the intensity of the dwarf, as no light will be received from it at that point. So the Intensity of that point, gives you the intensity of the main star.
At all other points, the intensity will be the combination of the two.