Perturbations of the linearized vacuum Einstein equations on a null cone in the Bondi-Sachs formulation of General Relativity can be derived from a single master function with spin weight two, which is related to the Weyl scalar Ψ0, and which is determined by a simple wave equation. Utilizing a standard spin representation of the tensors on a sphere and two different approaches to solve the master equation, we are able to determine two simple and explicitly time-dependent solutions. Both solutions, of which one is asymptotically flat, comply with the regularity conditions at the vertex of the null cone. For the asymptotically flat solution we calculate the corresponding linearized perturbations, describing all multipoles of spin-2 waves that propagate on a Minkowskian background spacetime. We also analyze the asymptotic behavior of this solution at null infinity using a Penrose compactification, and calculate the Weyl scalar, Ψ4. Because of its simplicity, the asymptotically flat solution presented here is ideally suited for testbed calculations in the BondiSachs formulation of numerical relativity. It may be considered as a sibling of the well-known Teukolsky-Rinne solutions, on spacelike hypersurfaces, for a metric adapted to null hypersurfaces.