Problem

Source: 2020 Austrian National Competition for Advanced Students, Part 2 problem 4

Tags: algebra, functional equation



Determine all functions $f: \mathbb{R} \to \mathbb{R}$, such that $$f(xf(y)+1)=y+f(f(x)f(y))$$for all $x, y \in \mathbb{R}$. (Theresia Eisenkölbl)