It would be 0.0175% (e.g. as a change in interest rates) or the decimal multiplier 0.000175
A basis point is 1/100 of a percent, or the same as one ten-thousandth.
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To convert 175% to decimal divide by 100: 175% ÷ 100 = 1.75
175% = 1.75
175/1000 = 0.175
175 divided by 85 will give you the answer; = 2.0588235294117647058823529411765
175,000,000