A new spectrophotometric method is introduced for the assay of ternary mixtures with overlapping spectra. The method is based on the use of the first derivative of the ratio spectra and measurements of zero-crossing wavelengths. The ratio spectra were obtained by dividing the absorption spectrum of the mixture by that of one of the components. The concentration of the other components are then determined from their respective calibration graphs treated similarly. The method has been applied for the resolution of two ternary mixtures, namely, dipyridamole, aspirin and salicylic acid (I) and dipyridamole, oxazepam and 2-amino-5-chlorobenzophenone (II). Salicylic acid and benzo-phenone derivative are the degradation products of aspirin and oxazepam, respectively. The proposed method was applied for the assay of these combinations in synthetic mixtures and in commercial dosage forms. The results obtained were precise and accurate.