Step 1: Note the given value. The relative permeability of the medium is $\mu_r = 0.85$. We must find the magnetic susceptibility $\chi$.
Step 2: Recall the link. These two quantities are tied together by the simple relation $\mu_r = 1 + \chi$.
Step 3: Rearrange for chi. Move the one across: $\chi = \mu_r - 1$.
Step 4: Substitute the number. $\chi = 0.85 - 1$.
Step 5: Do the subtraction. $\chi = -0.15$.
Step 6: Read the meaning. A negative susceptibility tells us the material is diamagnetic, which gently pushes magnetic field out. \[ \boxed{\chi = -0.15} \]