According to your query, and taking into account that you want to know if an 85 percentile is acceptable enough for applying in cap rounds, the answer is yes.

I'd want to inform you that an 85 percentile is insufficient to apply for cap rounds because the cutoffs are rather high, and if you scored well, you'd be in a better position.

Dear aspirant,

According to your question and taking into consideration that you want to know whether 85 percentile is good enough for applying in cap rounds.

I would like to tell you that 85 percentile is not good enough to apply for cap rounds as the cut offs are a bit high and if you would score good then you would be at a safer side.