Answer
$(\frac{1}{5},\frac{1}{3})$
Work Step by Step
Let
$1/x=a,1/y=b$
Then our system of equations is:
$\{2a-3b=1, -4a+7b=1\}$.
Adding twice the first equation to the second one, we get: $b=3$
Plugging this back into the first equation, we get:
$2a-3(3)=1\\2a=10\\a=5$
Hence, the solutions are: $(\frac{1}{5},\frac{1}{3})$