OK, don't introduce the separation of variables form [itex]u(x, t) = T(t) U(x)[/itex]. At this stage we are merely trying to derive the PDE, not solve it.
The force on the left face of the differential element is
[tex]
F(x) = EA(x)\frac{\partial u}{\partial x}[/tex]
pointing to the left.
The force on the right face will be (using a Taylor series)
[tex]
F(x + dx) = F(x) + \frac{\partial F}{\partial x}dx[/tex]
pointing to the right.
Hence the net force is: (you write it down).
Next, the mass of the element is [itex]m = \rho A(x) dx[/itex], where [itex]\rho[/itex] is the density.
The acceleration of the element is [itex]\partial^2 u/\partial t^2[/itex].
So [itex]F = ma[/itex] becomes (you write it down).
Next introduce [itex]c^2 = E/\rho[/itex] into the above equation. This gives (you write it down).
Next write [itex]A(x) = \pi R^2(x)[/itex], where for a cone [itex]R(x) = \alpha x[/itex], [itex]\alpha[/itex] being the slope of the cone and [itex]x[/itex] is measured from the tip of the cone. Introduce this into the equation. This gives the answer. Done?