From my lecture notes:
Planetary Transit Searches
If a planetary system’s orbital plane lies along our line of sight, planets will from time to time pass in front of their star, absorbing some of the light from the star that would otherwise reach us. This kind of thing can be seen in our own Solar System where Venus or Mercury can be seen to pass in front of the Sun. The last transit of Venus was in June 2012. Planetary transits will cause a small, but potentially measurable, dip in the brightness of a distant star observed from Earth. What flux decrease will a planetary transit produce?
If the uneclipsed flux of the star is $F_s$, the eclipsed flux $F_t$, the flux of the planet is $F_p$, the radius of the star is $R_s$ and of the planet is $R_p$ then: $$F_t=F_s-\left(\frac{R_p}{R_s}\right)^2F_s+F_p\tag{1}$$
But no derivation is given for eqn $(1)$.
So using the flux-luminosity definition $$F=\frac{L}{4\pi d^2}$$ to try to get a relation between the distances $R_s$ and $R_p$ and specializing to the cases of $F_s$ and $F_p$, hence, $$F_s=\frac{L_s}{4\pi {R_s}^2}\qquad \text{&}\qquad F_p=\frac{L_s}{4\pi {R_p}^2}$$ where $L_s$ is the luminosity of the star. $$\frac{F_s}{F_p}=\left(\frac{R_p}{R_s}\right)^2\implies F_s=\left(\frac{R_p}{R_s}\right)^2F_p$$
So, I can't even verify the formula is correct (let alone derive it), I have no idea where this formula, $(1)$, even comes from. I searched the internet but couldn't find a derivation for it. Does anyone know of a derivation for $(1)$ or point me towards some resource that goes through the derivation of it?
Quotation used in this post is from ICL dept. of Physics