Multiply both sides of the first equation by y and both sides of the second equation by to obtain z
xy+1=yyz+1=z.
Substituting xy+1 for y in the second equation, we find
(xy+1)z+1=z,
which simplifies to
xyz+z+1=z.
Subtracting z+1 from both sides, we find that xyz=z−(z+1)=−1.