Problem

Source: Belarusian MO 2023

Tags: algebra, functional equation



Denote by $R_{>0}$ the set of all positive real numbers. Find all functions $f: R_{>0} \to R_{>0}$ such that for all $x,y \in R_{>0}$ the following equation holds $$f(y)f(x+f(y))=f(1+xy)$$