Concept:
Inverse trigonometric functions have complementary properties. Specifically, for any real value $z$, the sum of its inverse tangent and inverse cotangent is a constant $\pi/2$. We can leverage this relationship to transform an equation in $\tan^{-1}$ into one in $\cot^{-1}$ without needing to solve for $x$ or $y$ individually.
Step 1: State the fundamental identity for each variable.
For the variable $x$: $\tan^{-1} x + \cot^{-1} x = \frac{\pi}{2} \Rightarrow \cot^{-1} x = \frac{\pi}{2} - \tan^{-1} x$
For the variable $y$: $\tan^{-1} y + \cot^{-1} y = \frac{\pi}{2} \Rightarrow \cot^{-1} y = \frac{\pi}{2} - \tan^{-1} y$
Step 2: Formulate the sum $\cot^{-1} x + \cot^{-1} y$.
Add the two expressions derived in
Step 1:
\[
\cot^{-1} x + \cot^{-1} y = \left( \frac{\pi}{2} - \tan^{-1} x \right) + \left( \frac{\pi}{2} - \tan^{-1} y \right)
\]
Combine the constant terms:
\[
\cot^{-1} x + \cot^{-1} y = \pi - (\tan^{-1} x + \tan^{-1} y)
\]
Step 3: Substitute the given numerical sum.
The problem states that $\tan^{-1} x + \tan^{-1} y = \frac{2\pi}{3}$. Substituting this into our formula:
\[
\cot^{-1} x + \cot^{-1} y = \pi - \frac{2\pi}{3}
\]
To perform the subtraction, use a common denominator of 3:
\[
\frac{3\pi}{3} - \frac{2\pi}{3} = \frac{\pi}{3}
\]