Yes you get both the Standard Deduction and schedule C on your 1040 return. Just keep filling out your return.
You enter all your income which will include the Net Profit or Loss from Schedule C. That gives you your AGI Adjusted Gross Income.
Then it subtracts the Standard Deduction or your personal Itemized Deductions from Schedule A whichever is more to give you the Taxable Income.
For 2016 the Standard Deduction is
Single 6,300 + 1,550 for 65 and over
HOH 9,300 + 1,550 for 65 and over
Joint 12,600 + 1,250 for each 65 and over
Married filing Separate 6,300 + 1,250 for 65 and over
Schedule A Itemized Deductions are things like Medical, Gifts to Charity, State Income Taxes Paid, Mortgage Interest, Property Taxes, Car Registration fees, etc.
